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Brazil likely to witness sharp foreign asset sell-off until 2022 elections – Franklin Templeton and Sycamore Capital

RIO DE JANEIRO, BRAZIL - The approach of a two-way scenario for the Brazilian elections with a dispute focused on two candidates - current and former presidents Jair Bolsonaro and Luiz Inácio Lula da Silva (PT) - should prompt a sharp asset sell-off by foreign investors until the 2022 elections.

The statement came from Kim Catechis, head of emerging markets at Franklin Templeton who on Tuesday took part in a live broadcast hosted by Ohmresearch alongside Jean Van de Walle, chief investment officer (CIO) at Sycamore Capital and assistant professor of finance for emerging markets at New York's Stern . . .

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