AAA
said that Brazil is set to remain the focus of much of the world’s
alternative investment attention in the coming years.
Boston,
MA, USA, May 5, 2012 -- Alternative Asset Analysis, (AAA) said
that Brazil is set to remain the focus of much of the world’s
alternative investment attention in the coming years.
The
views from the Alternative investment advocacy organization reflect
those expressed by HSBC Global Asset Management’s Pedro Bastos. He
recently spoke at a briefing on the health of the region to investors
in Malaysia.
He
said that the country remained a “hub” for the creation of
businesses. He added, “Among all emerging markets, Brazil has been
the best performer for the last ten years, both in equities and fixed
income.”
He
added that the population of Brazil has become richer and more and
more people from outside the country are starting to see it as a good
prospect. This is particularly true for alternative investments in
sustainable forestry through firms like Greenwood
Management, added AAA’s analysis partner, Anthony
Johnson.
Bastos
told delegates: “Companies see Brazil as a major consumer market.
We have an increasing middle class, which is about 55 per cent of the
population. In the last ten years, personal income growth has been
consistent at 4.5 to five per cent."
Mr
Johnson explained that the demand from inside Brazil for steel is
exceptionally strong as the country is due to host the Football World
Cup in 2014 and the Olympics in 2016. In the meantime, the country is
also going through some major growth and is improving its
infrastructure as a result.
Steel
is also very much in demand in other growing economies, such as India
and China, explained Mr Johnson.
He
explained “The steel industry needs charcoal and charcoal comes
form timbers. Brazil has passed laws to try to prevent the industry
taking charcoal form forests and, as a result, there is major demand
for sustainable produced charcoal.”
About
Alternative Asset Analysis:
The
remit of Alternative Asset Analysis is to analyse and provide news on
the global performance of a wide range of alternative asset classes
including, but not restricted to, commodities, real estate, forestry,
foreign exchange, hedge funds, private equity and venture capital.
Media
Contact:
Anthony
Johnson
Alternative
Asset Analysis
71
Commercial St
Boston,
MA 02109-1320
617-939-9596
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