Richard Titherington, chief investment officer for emerging market equities at J.P. Morgan Asset Management, explains what Dilma Rousseff's election win could mean for investors in Brazil.
Brazilian equities have had a turbulent ride immediately following the narrow victory of Dilma Rousseff in their presidential elections. This continues a trend we hve observed for much of the year, in that Brazilian stock price movements are proving to be more a function of politics than they are of company fundamentals. In terms of what investors can expect from a post-election Brazil, with 70% of the population expressing a desire to see change in the country and just under half of voters choosing her opponent, the administration of Dilma Rousseff will be under significant pressure to ...
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