Foreign investors hot for Brazilian secondary market

The participation of foreign investors in the secondary market of the Brazilian stock exchange in August was the second-best monthly performance so far this year, regardless of the uncertainties surrounding the country’s public accounts. The positive balance of R$1.45 billion on August 28th is explained by the weaker real and a second quarter of corporate earnings better than expected, what attracted investors to specific cases. Despite the foreign influx, the market registered a negative net balance of R$444.1 million.

Source: Valor International