There's a bull case emerging in Brazilian stocks for long-term investors

📆 02/06/2024 08:10:00

Emerging Markets Notícia

Petroleo Brasileiro SA Petrobras, Petroleo Brasileiro SA Petrobras, Vale SA

Recent struggles in stocks traded in São Paulo may be an opportunity for investors to buy into Latin America's largest economy at a discount.

📆 02/06/2024 08:10:00
📰 CNBC

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Recent struggles in Brazilian stocks could be an opportunity for investors to buy into Latin America's largest economy at a discount. Bovespa , the country's stock index, is down about 9% year to date and fell roughly 3% last month. That marked the benchmark's worst May performance since 2018 — when it dropped nearly 11%. The iShares MSCI Brazil ETF is also under pressure, losing 15% year to date and 5% in May.

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