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Brazil’s largest credit manager moves into corporate debt

privateequitywire

3 days ago

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Itaú Asset Management is increasing its exposure to Brazilian corporate debt across sectors including utilities, transport and consumer-facing businesses, taking advantage of wider credit spreads following recent volatility in the country’s fixed-income markets, according to a report by Bloomberg.
The firm has been selectively adding positions in assets it views as mis-priced after a period of stress in Brazil’s credit ecosystem, where higher interest rates and weakening balance sheets among som...

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