Brazil's stock market is jumping. Once pension reform passes, big investors will be moving on to bigger things.
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This week, BlackRock recommended investors go overweight Brazil, saying it was better than anything in Asia due to the China effects from the trade war. The iShares MSCI Brazil ETF compared to MSCI China , the China CSI-300 , the MSCI Emerging Markets and the S&P 500 over the last 12.Brazil’s new pension reform law has passed through committee and is on its way to Congress. It’s not a done deal yet, but it is getting closer.
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