The most leveraged bet on Brazil

Finally, it is not a shipping or energy stock pick

I am the king of inaccurate predictions. Last year, I made numerous wrong calls. One of those was Brazil. Apparently, I underestimated the role of Lula’s fiscal dominance policy. As a result, Brazilian Real and equities were decimated in the previous 12 months.

Is this the premature end of the long-awaited Brazilian bull run?

I don’t think so. Brazil has a lot to offer for adventurous investors. Even during the last 12 months of carnage, some names scored impressive gains: