Quality Growth Boutique

Brazil: The Moment of Truth

Viewpoint
Emerging Markets

Brazil has sold off as the market fears the country is in trouble. If the huge pension program is not reformed, it will add expense to a budget already in deficit – and reform has proven extremely difficult. On top of this, there will be a new President elected in October. The race is so open and full of new and anti-establishment candidates, there is a fear that reform may languish along with the country’s finances.

In our latest Viewpoints paper, Brazil: The Moment of Truth, Portfolio Manager David Souccar looks around this corner and explains why we believe whichever government wins, it will have little choice but to reform.

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Quality Growth Boutique
2020-03-12_mu_covid-qg-americas_teaser
Viewpoint
COVID-19

Coronavirus Sell-Off: Putting Volatility in Perspective

We are now witnessing a market panic as the continued spread of the coronavirus is threatening a global recession. Portfolio managers Ramiz Chelat, Jin Zhang and David Souccar explain how they are adjusting their portfolios to take advantage of market dislocations and why quality growth businesses can help provide downside protection.

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