Seligson’s Tropico fund pulls in record 39 percent return as Brazilian pension reform approaches final stages

Whilst the pension reform expected to be passed in Brazil is the main pull factor in the market, the possible failure of the same reform is also the biggest single risk for investors in the country, says Seligson Asset Management Fund Manager.

"Bolsonaro (Brazilian president) was considered one of the most market-friendly candidates, and his election boosted market optimism. So, when the markets woke up to the positive development, the local exchange reflected this in a very positive way," Seligson Asset Management Fund Manager Jonathan Aalto Photo: Adriano Machado/Reuters/Ritzau Scanpix/REUTERS / X02151

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