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Singapore wealth fund GIC 'hopeful' on ambitious Brazil pension plan

Bloomberg Published on Tue, Mar 19, 2019 / 7:49 AM GMT+8

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SINGAPORE (Mar 19): Singapore’s sovereign wealth fund GIC Pte has grown more optimistic about Brazil.

Latin America’s largest economy may offer investment opportunities in sectors from healthcare to education and gas pipelines if it keeps inflation under control and reduces interest rates, according to Lim Chow Kiat, the fund’s chief executive officer.

“I’m definitely more hopeful and positive,” Lim said in an interview in Sao Paulo. “The momentum looks good.”