BlackRock: Fixed income return offsets risk in countries like Brazil; rich countries’ stocks require caution

In an interview, BlackRock's strategy director for Latin America said that the allocation in U.S. bonds and stock markets of developed countries is below average.

RIO DE JANEIRO, BRAZIL - With the monetary tightening cycle in Latin American countries more advanced than in developed economies, fixed income securities issued by governments and companies of these nations have gained space in the portfolios of renowned American manager BlackRock.

In an interview last Friday, July 8, Axel Christensen, director of investment strategy for Latin America at BlackRock, pointed out that the return offered by government bonds and corporate bonds from Brazil and other Latin American countries, such as Mexico and Colombia, "exceeds the risk".

For the director, as the central banks of these countries are closer to the . . .

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