Brazil, Japan Top List Of Hottest Growth Countries
This article appears courtesy of Institutional Investor
More than 80% of fund managers say Brazil has the best outlook for economic growth over the next five years, according to a survey by Morningstar. Brazil is home to 64% of asset managers' holdings in Latin America, the survey found, noting that 53% of respondents worried that U.S. interest rates would have a greater impact on economies in the region than emerging-market countries would. What's more, 78% said upcoming elections in Bolivia, Chile, Peru and Venezuela would also affect the stock market. The fund managers rated Japan as their favorite global destination, with 39% saying the strongest equity market over the next year will be that in Japan, followed by continental Europe.