BlackRock bets on ‘cheap’ markets in Brazil and Argentina

When it comes to Latin America, BlackRock Inc. favours Brazilian and Argentine stocks “We see both markets and currencies trading at very cheap levels,” said Ed Kuczma, BlackRock’s portfolio manager, who oversees US$1.9 billion in the company’s Latin American equity funds. “The weakness we’re seeing right now creates long-term opportunities, as companies will take advantage of the weak growth to right-size their operating structure,” Kuczma said by phone. Brazil’s benchmark equity Ibovespa…
Real Estate and Investment News from South America
Visit us on LinkedInVisit us on FacebookVisit us on TwitterVisit us on Pinterest