Brazilian fund managers turn bearish, short equities, buy USD
Published 1 d ago4 sourcesEvidence: Reported
XP Investments downgraded its recommendation on Brazilian stocks to neutral, citing diminished upside versus fixed income after a post-election market drop. The firm projects Ibovespa at 200,000 by 2027, implying a modest annual return. This reflects a shift in sentiment toward Brazilian risk assets, potentially pressuring equity inflows.
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