Brazilian investors ‘have expectations’
Brazilian property investors could be interested to hear that the nation’s hedge funds beat the market last month, it has been reported.
According to Bloomberg.com, the National Association of Investment Banks are defying a 25 per cent plunge in the Bovespa stock index.
Jacopo Valentino, of BNP Paribas Asset management, said the Brazilian investors are used to getting high returns and are very easily disappointed.
According to the news provider, the nation’s hedge funds saw $6.7 billion (£4.2 billion) in withdrawals last month despite beating the market, which could interest those considering buying property in Brazil as it suggests the level of return that is expected in the country.
Meanwhile, the Brazzil Magazine reported this week that a child welfare congress could attract thousands of visitors to Rio de Janeiro this month.
The publication revealed the World Congress against CSEC could bring 3,500 delegates to the city from November 25th.
