Carlos de Leon has joined Allianz RCM as a portfolio manager ahead of the launch of its Brazil fund in October.
Allianz RCM is to launch its Brazil fund on 7 October, with commodity extractors and domestic consumption stocks expected to play key roles in the portfolio.
HSBC has launched an ETF tracking the Brazilian stock market.
The manager of the £1.6bn HSBC GIF Brazil Equity fund plans to introduce property into the portfolio when the outlook for inflation improves.