Brazil's President Michel Temer. Photo: Reuters, Ueslei Marcelino
Brazil's President Michel Temer. Photo: Reuters, Ueslei Marcelino
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Credit Suisse: take profits on Brazil

Brazilian stocks have lost their luster as rally fades

March 16, 2017 1:27 AM (UTC+8)

Despite Brazilian stocks’ world leading gains of 63% over the past year, Credit Suisse has decided it’s time for investors to sell. As Bloomberg reports Wednesday, analysts said in a note to investors that the company has “run out of motivation to own the market at an above-benchmark weighting.” The note went on to say that current valuations “appear rich,” while other investors such as Fidelity and BlackRock continue to see value in Brazil.

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