Brazil became the world's sixth largest economy in 2011, overtaking the UK, after continuing to see breakneck growth while the UK economy stuttered.
Brazil's economic growth slowed in the third quarter of 2011 as the impact of the crisis in Europe and the slowdown in global growth impacted the region.
Brazil has joined central banks across the world in easing monetary policy after it slashed interest rates by 0.5%.
Jeff Casson, manager of the Martin Currie Latin America fund, travels to Brazil to see what effect the volatility in world markets is having on the region.
Trust boosts exposure to bonds in region in expectation interest rates will keep falling.
Schroders has launched a concentrated Brazilian Equity fund that seeks to benefit from the country's domestic growth story.