Schroders launches Brazilian Equity fund

Schroders has launched a concentrated Brazilian Equity fund that seeks to benefit from the country’s domestic growth story.

The Schroder ISF Brazilian Equity fund, managed by Schroders head of Brazilian equities Carlos Scretas, will invest in between 20 and 40 companies, with its portfolio benchmarked against the MSCI Brazil 10/40 Index.

Richard Mountford, Schroders’ global head of intermediary business, said investors are increasingly looking to Brazilian equities as an asset class in their own right rather than as a part of an investment in emerging markets as a whole.

“As the country has developed over the last few years, companies exposed to domestic demand from Brazil’s growing middle class offer good opportunities in sectors such as real estate, discretionary products and financial services,” said Scretas.

“In addition the country remains one of the world’s largest producers of commodities from aluminium to coffee to soybeans.”

Schroders said its 16-strong Brazilian investment team manages over $1.8bn in existing Brazilian equity portfolios.

 

This article first appeared on Investment Week.

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