AMWatch

Seligson plans to expand exposure to Brazilian consumer sector

While some investors express concern about the valuation of most equity markets following strong returns across the board in 2019, one emerging market investor is ready to turn cash positions into stocks as optimism skyrockets.  

Photo: Eraldo Peres/AP/Ritzau Scanpix

Seligson Asset Management envisions increasing its exposure to the Brazilian consumer sector following promising aspects for 2020, after the country's senate passed a major pension reform in October.

Jonathan Aalto, fund manager of Seligson's Tropico fund, notes that company prices on the Brazilian stock exchange are now at a rather promising level.

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