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Brazil’s water crisis is risk for stock market; managers look for opportunities abroad

RIO DE JANEIRO, BRAZIL - One of the main risks for equity investments with exposure to the Brazilian market - and which is not fully incorporated into asset prices - is the water crisis.

According to Paulo di Sora, of RPS - XP Investimentos, "We are entering the rainy season with very low [reservoir] rates and we are going to have La Niña with a low rainfall forecast. We are now seeing the government trying to restrict energy consumption and this, in practice, has made us more pessimistic about Brazil's GDP. There are great chances of having a GDP at zero or . . .

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