Brazil ETFs: Using Caution if There’s a Bubble
Monday, March 15th, 2010
Tom Lydon (ETF Trends) submits:
Brazil’s economy is something it seems like every investor wants in on, and with all the economy has going for it, it’s no wonder. But is the flood of new money into ETFs and other investments going to come at a price?
Direct foreign investment into Brazil’s economy is forecast to increase 47% this year, but many are beginning to broach the “B” word – Bubble. Brazil is going to host the World Cup in 2014, the Summer Olympics in 2016, the middle class is exploding and GDP has tripled since 2003. The country’s planning minister expects the economy to grow 6% this year. You can see what’s so appealing about Latin America’s largest country.
