The sunny side of investment

Dean Newman of Invesco Perpetual says Brazil is currently one of the brightest prospects on the investment horizon

Arriving in São Paulo, Brazil last month for a heavy schedule of company visits and updates, I was expecting to leave the grey skies of England behind me. Sadly, this was not the case as by the end of my trip the city had witnessed its 40th consecutive day of rain. So much for St Swithin’s day falling in July! Fortunately, the inclement weather did not dampen my sunny outlook on both Brazil and the region. I saw a vibrant economy, underpinned by a thriving consumer sector that continues to benefit from 40-year low interest rates and an expanding middle-class base. Shopping malls were fil...