Earlier this summer we reviewed a Brazilian distortion.
The rise in Brazil’s market and the Brazilian real have been steady since.
Jyske Global Asset Management’s recent update points out that the global economy is picking up but they are not adding many stocks yet.
One investment they have added to some of their portfolios is more Brazilian bonds.
Here is the Brazilian real to the US dollar chart from finance.yahoo.com
The Brazilian real has recovered well to the US dollar.
The Brazilian stock market has performed well also. Here is a chart sent to me from Keppler Asset Management.
The Brazilian market rose 40.9% in the last quarter to July 2009.
Yet fundamental values are still good.
These are statistics from Keppler’s latest top value emerging markets.
Jyske has three government bonds on its bond list.
Borrower Coupon Maturity Price Annual Yield to Maturity
BRAZIL 12.5 2 05-01-2016 112.38 8.66 15.27
BRAZIL 12.5 2 05-01-2022 112.53 8.67 16.26
BRAZIL 10.25 2 10-01-2028 101.34 10.09 7.71
Investors who weant to tap into the overall growth (or fall) of Brazil’s stock market can invest in iShares Brazil (EWZ), writes or The Brazil Fund (BZF).
Gary
Upcoming seminars and tours.
Sept. 17-21 Ecuador Super Thinking + Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour
Oct. 9-11 IBEZ North Carolina with our webmaster David Cross & Thomas Fischer of JGAM
October 16-18 Ecuador Southern coastal tour (early sign up before Sept. 1, $499 per person).
Oct. 21-24 Ecuador Import Export Tour
Oct. 25-26 Imbabura Real Estate Tour
Nov. 6-8 IBEZ Ecuador Seminar
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour
Attend any two Ecuador seminar or tours in a calendar month…$949 for one. $1,349 for two.
Attend any three Ecuador courses or tours in a calendar month…$1,199 for one. $1,799
