Brazil Market September 2009 Update


Here is a Brazilian market update.

Earlier this summer we reviewed a Brazilian distortion.

The rise in Brazil’s market and the Brazilian real have been steady since.

Jyske Global Asset Management’s recent update points out that the global economy is picking up but they are not adding many stocks yet.

One investment they have added to some of their portfolios is more Brazilian bonds.

Here is the Brazilian real to the US dollar chart from finance.yahoo.com

brazil-facts

The Brazilian real has recovered well to the US dollar.

The Brazilian stock market has performed well also. Here is a chart sent to me from Keppler Asset Management.

brazil-facts

The Brazilian market rose 40.9% in the last quarter to July 2009.

brazil-facts

Yet fundamental values are still good.

brazil-facts

These are statistics from Keppler’s latest top value emerging markets.

Jyske has three government bonds on its bond list.

Borrower  Coupon       Maturity      Price  Annual  Yield to Maturity

BRAZIL     12.5          2 05-01-2016 112.38         8.66             15.27
BRAZIL     12.5          2 05-01-2022 112.53         8.67             16.26
BRAZIL   10.25          2 10-01-2028 101.34       10.09               7.71

Investors who weant to tap into the overall growth (or fall) of Brazil’s stock market can invest in iShares Brazil (EWZ), writes or The Brazil Fund (BZF).

Gary

Upcoming seminars and tours.

Sept. 17-21 Ecuador Super Thinking + Spanish Course

Sept. 23-24 Imbabura Real Estate Tour

Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina with our webmaster  David Cross & Thomas Fischer of JGAM

October 16-18 Ecuador Southern coastal tour (early sign up before Sept. 1, $499 per person).

Oct. 21-24 Ecuador Import Export Tour

Oct. 25-26 Imbabura Real Estate Tour

Nov. 6-8 IBEZ Ecuador Seminar

Nov. 9-10 Imbabura Real Estate Tour

Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador seminar or tours in a calendar month…$949 for one.  $1,349 for two.

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