IX Western Asset Debates

Legg Mason: “There is a Greater Movement towards Global Diversification by Brazilian Investors”

Date:

Legg Mason: “There is a Greater Movement towards Global Diversification by Brazilian Investors”

Author: Meritxell Sedo

  1. Western Asset Brasil, a subsidiary of Legg Mason, received investment world professionals in Sao Paulo, with the aim of discussing the challenges Brazil faces in the short term
  2. The conference was attended by Joe Sullivan, Legg Mason’s President and CEO and Ken Leech, Chief Investment Officer for Western Asset
  3. Sullivan: "We have positions in Brazilian sovereign local debt and in certain Brazilian corporate bonds, usually denominated in dollars"
  4. Leech: "With inflation so low, our vision is that interest rates are going to rise very slowly, so there should be no great impediment for emerging markets"