Our perspective on global micro event and strategies.
Jamie is a portfolio manager responsible for Latin America and broader Emerging Markets portfolios. Supported by Wellington Management’s extensive independent fundamental research resources, Jamie draws on the insights of the firm’s other Emerging Markets equity portfolio teams, the Emerging Markets Debt Team, global industry analysts, and macroanalysts. Previously, Jamie worked as an equity research analyst covering Latin America for another emerging markets team.
In my October blog post, A firsthand look at Brazil’s straitjacket, I painted a rather grim portrait of Brazil’s macroeconomic landscape following my latest visit to South America’s most populous nation. The “straitjacket” metaphor arose from my sense that Brazil may be increasingly hemmed in by its elevated rates of inflation — the heaviest “tax” on the poor — along with political uncertainty leading up to its October 2022 presidential election and a host of other country-level challenges.
I still believe that. But despite my downbeat macro outlook, as an emerging markets equity investor, I think there is a decidedly more positive side to Brazil’s story. After meeting with 22 of the country’s corporate CEOs, some of whom chatted with me for more than an hour, I came away more convinced than ever that Brazil offers plenty of stock- and industry-specific investment opportunities. You just have to…