Emerging markets specialist Excel Funds Management Inc. hosts its first due diligence trip to Brazil this week.
The company will guide a team of nearly 20 investment professionals from across Canada through a series of business and cultural events in Sao Paulo and Rio de Janeiro from November 21-25.
“Brazil is a flourishing country with a thriving market that is poised to become a global leader in the medium to long term,” says Bhim Asdhir, president and CEO of Excel Funds. “It is quickly becoming the new land of opportunity and we are thrilled to enable the Canadian investment community to witness Brazil’s incredible transformation firsthand”.
The due diligence trip is designed to build on the Canadian industry’s knowledge and understanding of the Brazilian market and its great growth prospects, while showcasing its compelling valuations.
The group will meet with a range of corporate and government officials on- and offsite throughout the week, including: Banco Brascan, Banco Citibank S.A, Brookfield Brasil, Embraer, Hypermarcas, Itau Unibanco, Petrobras, Vale as well as Canada’s Consul General and Rio de Janeiro’s Chief Advisor for Foreign Trade and Investments.
Excel says Brazil is positioned to transition into a key global player over the next five years. In addition to a rising middle class and increasing domestic consumption, Brazil has huge scale infrastructure projects underway to support its growing industries and its needs in hosting the 2014 World Cup and 2016 Olympic Games.
From a structural standpoint, the region also looks quite attractive and the due diligence trip is intended to highlight the Brazilian market’s potential, Excel says.