New Star's Harris and Heron buying Brazil

New Star's multi-managers Mark Harris and Craig Heron are boosting their Brazil weightings across th...

New Star’s multi-managers Mark Harris and Craig Heron are boosting their Brazil weightings across the range, claiming the region will overtake China in growth terms. The pair has also recently sold their Corn and Natural Gas ETFs, preferring to play commodities through mining stocks and gold trackers for the time being. They had reduced Brazil exposure around July, expecting it to fare badly during the volatility, but are now increasing their holdings in HSBC Gif Brazil Equity on an ongoing basis. “We have put a lot of the money back to work there,” said Harris. “Valuations are cheap,...