BlackRock's Landers promotes Petrobras back into top ten holdings

Will Landers, manager of the BlackRock Latin American investment trust, has increased his exposure to Brazilian large-cap stocks, including beleaguered state-controlled oil giant Petrobras, as he believes these companies will benefit when foreign flows start returning to the country.

This week the senate will vote on whether President Dilma Rousseff should be suspended and replaced by vice president Michel Temer, after she was accused of breaking fiscal laws and illegally manipulating government accounts. The lower house of congress has already agreed to impeachment proceedings. Landers said: "If we get to that point, there is no way for her to come back into the presidency. We will get a new government that is more sensible and market-friendly. Temer will bring in quality people for cabinet positions and return confidence to the economy. "The reality is this w...