Despite a powering economy, Brazil is one of the worst-performing equity markets in 2011,...

|By:, SA News Editor

Despite a powering economy, Brazil is one of the worst-performing equity markets in 2011, -13.5%. Higher interest rates, a strong real, government interference in leaders VALE and PBR, and the emergence of the ugly part of a credit boom are to blame. However, once the rate cycle turns, the country's shares may look very attractive.