A major financial firm is to launch an investment trust that will be the first one in the UK to focus on Brazil .
JPMorgan's Brazil Investment Trust will seek to take advantage of the country's rapid economic growth which has made it the tenth largest economy in the world.
David Barron, head of investment trusts at J.P. Morgan Asset Management, believes the use of an investment trust is suited to an emerging market like Brazil.
He added: "We are delighted at the prospect of adding a Brazil investment trust to the very successful single country investment trusts we manage, investing in Russia, India and China .
"We think Brazil offers some compelling opportunities for investors with a higher risk tolerance."
JPMorgan recently predicted that its Chinese Investment Trust would see continued growth in 2010 with the country's economy expected to expand by up to ten per cent.
The continued growth will be driven by domestic consumption and infrastructure investment rather than exports, according to the company.
Investment firm launches trust focussing on Brazil
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Investment firm launches trust focussing on Brazil
Tue, 02 Mar 2010
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