Brazil’s Asset Managers See Light at End of Economic Crisis
With a new government led by acting president Michel Temer raising recovery hopes, firms in the Brazil 20 report renewed interest from investors, notably in fixed income.
Tom Buerkle
July 5, 2016
Michel Temer, Brazil's acting president, center, smiles during an event in Brasilia, Brazil, on Thursday, May 12, 2016. Temer has been the number two to President Dilma Rousseff of Brazil and now, with her temporary ouster, takes charge, buoyed by an almost evangelical market faith in him, as seen by the real's spike -- the world's best-performing currency this year -- and bond yield's plunge. It is widely expected that Rousseff will not return to power. Photographer: Lula Marques/Bloomberg *** Local Caption *** Michel Temer
Lula Marques/Bloomberg
