JPM Brazil trust targets World Cup opportunities

J.P. Morgan Asset Management's Sebastian Luparia is targeting Brazilian infrastructure opportunities as the country looks to upgrade its facilities ahead of the 2014 World Cup and 2016 Rio Olympics.

Luparia, who will be managing the JPMorgan Brazil Investment Trust when it launches at the end of April, intends to target stocks set to benefit from the estimated $16bn to $50bn of investment needed to improve Brazil's infrastructure ahead of the major sporting events. Luparia says over the last five years exports have tripled in Brazil - while infrastructure spending on areas such as ports, railways and communications has remained static. "The upcoming events have provided a deadline to improve such infrastructure and enormous spending, both public and private, has already been comm...