When you think of Brazil, what immediately springs to mind? Carnivale in Rio? Beautiful people on beautiful beaches? Or maybe colorful investment opportunities? You read that right: investment opportunities. Turns out Brazil is just as interesting to investors as it is to tourists.
Brazil’s economy is grappling with some interesting challenges right now, such as shifts in monetary policy to cope with a possible economic slowdown and preparing to host two major events on the international stage— the 2014 FIFA World Cup Brazil™ and the Olympics in 2016. Marco Freire, Franklin Templeton’s CIO, Brazil Fixed Income for the Local Asset Management team based in Sao Paulo, isn’t sharing any locals-only secrets about either event, but he’s happy to share his insights on how Brazil is approaching these challenges, and to clear up some common misconceptions about Brazil’s markets.