RIO DE JANEIRO, BRAZIL – A Bank of America ((BofA)) survey with asset managers showed that market expectations about the performance of the economy and Brazilian assets in the coming months is improving.
About 75% of respondents believe that Ibovespa should close the year over 130,000 points, against 42% the previous month, according to the “Latam Fund Manager Survey” released on Tuesday, for which 33 managers with approximately US$68 billion in assets under management were heard.
In addition, approximately 85% of respondents said they expect the Brazilian Real to trade below R$5.10 in December, compared to 30 . . .
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