Will Landers ‘Absolutely’ Enthusiastic on Brazil

Will Landers said his BlackRock Latin America Fund is 71 percent overweight in Brazil and he’s “absolutely” enthusiastic about the country even as the benchmark Bovespa heads for its worst annual performance ever versus the MSCI Emerging Market index.

“It’s still one of the cheapest markets in the world,” said Landers, citing rising consumer spending in Brazil and gains in commodities prices. “You have a young population that’s better educated and upwardly mobile,” Landers said in a Bloomberg television interview today on “Surveillance: Midday” with Tom Keene.