Brazilian markets should be spared the impact of a predicted global slowdown, according to Latin Ame...
Brazilian markets should be spared the impact of a predicted global slowdown, according to Latin America managers. Pedro Villani, Brazil Equity fund manager at ABN Amro, believes the Brazilian market will deliver healthy gains in 2007. “Valuations remain low,” he says. “The estimated 12-month forward looking P/E ratio for Brazil is 9.9 times, considerably lower than the emerging market estimate of 12.6 times. To contrast this with developed markets, the US and Japanese P/E ratios are currently at 17.9 times and 27.1 times, respectively. Additionally, Brazilian companies generate strong ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
