Opinion: Sovereign funds fall in love with Latin America
The combined acquisition of a stake in Brazilian investment bank PTG Pactual by Chinese Investment Corp. and GIC is emblematic of a rising trend: the interest of Asian sovereign wealth funds in investing in other emerging market regions such as Latin America.
The news that the Government of Singapore Investment Corp. (GIC) and China Investment Corp. (CIC) will invest in Brazil’s BTG Pactual bank underlines a theme we are going to hear more and more about in years to come: intercontinental emerging market trade.
While GIC and CIC are the names
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