Social investment funds to focus on Brazil?

Social investment funds might focus on Brazil in the near future, as experts claim the country is ripe for cash injection.

The Association of Investment Companies has spoken to a number of industry experts about the benefits of assets in the country, which is due to hold a general election on October 3rd.

Sebastian Luparia, manager of JPMorgan Brazil Investment Trust, notes good fiscal policies and strong income from commodity trading has allowed the nation to shore up is economic position, reducing external deficit and building cash reserves.

Those involved in social investment funds might see the region as one which offers good returns while scoring highly in terms of environmental awareness, as Brazil makes around 40 per cent of its power from renewable energy sources.

Will Landers, manager of BlackRock Latin American Investment Trust, claims domestic growth makes the country an attractive proposition for investors, while Devan Kaloo, co-manager of Aberdeen Latin American Income Fund Limited, points out its deficit stands at 3.4 per cent of gross domestic product, significantly lower than that of more developed nations.  ADNFCR-2318-ID-800083776-ADNFCR