BNY's Newton Shuns Brazil Assets as Rally Seen Unsustainable

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  • `Little value' seen in equities, currency under pressure
  • Political change won't solve economic issues: Rob Marshall-Lee

The rally that sent the Ibovespa to the best performance in the world this year is unsustainable as Latin America’s largest economy will languish even if there’s a change in government, according to Bank of New York Mellon Corp.’s Newton Investment Management.

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