Key Market Views: Brazilian Equities Still Going Strong

Our outright bullish Bovespa view in our Latin America key market views portfolio continues to look strong. The index closed up on the week at 61,172 on October 2, suggesting gains of 9.2% since initiating the view on August 4. A return of investor confidence since March has been driving the rally in Brazilian equities, especially as signs of a robust economic recovery continued to pile in. We believe that the Bovespa remains on track to hit our 64,000 target in the near future.

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