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Emerging market guru Mark Mobius punts Brazil
Submitted on 11/19/2008
Brazil's financial markets have fallen by 50pc since its all-time high in May. The local currency, the real BRBY, has shed a third of its value since touching a nine-year high in early August and this week a Brazilian trader shot himself on the trading floor at Sao Paulo's Bovespa stock exchange. Mark Mobius, the emerging market specialist from Templeton Asset Management reckons that Brazil offers a great opportunity for investors with nerve.
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