Landers: Brazil election fears unfounded

BlackRock's Will Landers says the upcoming election in Brazil is unlikely to lead to a dramatic change in economic policy.

Brazilians are due to go to the polls on 3 October to vote for a successor to President Luiz Inácio Lula da Silva (Lula) who has served the maximum two consecutive terms. The manager of the £289m Latin American investment trust says fears over political and financial instability that could be caused by the autumn vote are exaggerated. “Considering how left-wing Lula’s party was 10 or 20 years ago, the fact he has been so market-friendly is remarkable,” he says. “There is a good chance his candidate will get in and she has been involved in almost every decision his Government has ma...