Itau Surpasses Goldman Sachs in Brazilian Bond Underwriting

July 13 (Bloomberg) — Itau Unibanco Holding SA overtook Citigroup Inc. and Goldman Sachs Group Inc. in Brazilian bond underwriting, leading a push by local banks to grab market share from international banks hurt by the global financial crisis. Itau, the country’s largest bank by market value, jumped four spots this year to become theContinue reading “Itau Surpasses Goldman Sachs in Brazilian Bond Underwriting”

Bradesco launches new fund in Japan

Billionaire Japanese market appears to be a very promising field for the resource managers in Brazil. The latest move is the Bradesco Asset Management (Bram), which launches this week a portfolio of Brazilian equities smaller (small caps) for the Japanese retail.  The idea is to capitalize on the success of the other two funds launched inContinue reading “Bradesco launches new fund in Japan”

Utilities M&A: Chinese biding Brazilian plants and CEMIG thinking of acquiring in Latin America

Traditionally, investors  turn to utilities when times get tough. Botton line is: a lot of  M&A activity going on. What is cheap today?  On  the report “The Playbook for Latam Equity Strategy” dated April 26th,  Deutsch Bank argues  that “.. the discount evaporates after adjusting for sector multiples. ” DB thinks that the only LatinContinue reading “Utilities M&A: Chinese biding Brazilian plants and CEMIG thinking of acquiring in Latin America”

Emerging Markets Banks #2. Riding the rise of a credit culture?

Emerging markets banks have doubled since 2005. They are relevant in the industry profit and revenue wise. The rise of a credit culture might explain this trend. Nevertheless, these banks are still not quite known by the rich-world investors. Is this an opportunity for further growth? The bigger and bigger picture May 13th 2010 FromContinue reading “Emerging Markets Banks #2. Riding the rise of a credit culture?”

Brazilian economy is growing too fast. Expect new hike in interest rates. What effect on Brazilian housing industry?

To foreign eyes Brazilian real state is a catch. A population of almost 200 million and an historic housing deficit makes an interesting combination. Interest rates have always been the main contrain. And now, with the return of inflationary pressures, interest rates are set to raise again. How does it affect the housing industry? TodayContinue reading “Brazilian economy is growing too fast. Expect new hike in interest rates. What effect on Brazilian housing industry?”