Macro Minutes: Brazil Today: Recent Political Events and Investing Opportunities

Key Points

  • The bulk of Brazil’s exposure is in Energy and Materials, but the Financial sector has grown significantly, along with the emergence of more growth-oriented areas such as e-commerce within the Consumer Discretionary sector.
  • Brazil tends to outperform with value in the emerging markets universe.
  • In our view, Brazil is well-poised to capitalise on the global economic recovery and expansion.