Brazil equity market ‘will hold up in downturn’
Brazilian equity markets are likely to hold up much better than Mexican stocks during the economic crisis, according to an expert.
People looking for property in Brazil may be interested to learn that the country’s "sound" financial system, as well as its status as a creditor and low public sector debts, will help it to weather the economic storm, Bloomberg quotes global emerging markets strategist Jonathan Garner as saying.
According to the news provider, Mr Garner says the country will be have "leeway (previously non-existent) to deal with the issues that will arise".
Earlier this month, the European Public Real Estate Association and National Association of Real Estate Investment Trusts launched a set of new emerging market indices, which are created in real time by FTSE.
The indices will track 70 publicly-traded Real Estate Investment Trusts and listed properties companies within 13 emerging markets worldwide, including Brazil.
Ronnee Ades, head of alternatives at FTSE group, said the introduction of the new indices is in response to increasing interest in emerging market investment.
