Allianz's de Leon: Five of the best Brazilian equities

BEST OF BRAZIL

Allianz RCM's Carlos de Leon reveals five stocks in his £40m Brazil fund he believes will capture the highest returns from the economic boom.

De Leon forecasts the the nation's central bank will raise interest rates by  a further 25 basis points in June, on the top of the 125bp added since last November. This will ward off inflation and overheating risks after a probable peak in August, he said. Until then, de Leon is positioned to benefit from defensive trades such as telecommunications and utilities, while retaining some long-term plays such as oil and mining sector. 1. Petrobras: De Leon said this oil major dominates the Brazilian energy market across the value chain, and is the top upstream player in one of the world's ...