Finland's Seligson Asset Management looks forward to knowing the outcome of Brazil's planned pension reform, which is expected to save the federal government more than EUR 194bn over the next decade.
Seligson's Tropico Fund, 90 percent of which is allocated to the Brazil Stock Exchange, yielded a strong return of 39 percent from end of September 2018 to October 1, 2019, measured in EUR. The benchmark (MSCI EM Latin America) has in the same period yielded a return of 12.6 percent and has 63 percent of its exposure to Brazil.
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