Apple, Netflix Shares in Brazil Jump in Bid to Avoid Turmoil

Apple, Netflix Shares in Brazil Jump in Bid to Avoid Turmoil

Chamber Articles Category: Trade News Post Date: 08/10/18 Source: Bloomberg By: Vinicius Andrade and Leonardo Lara
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In a bid to escape domestic disorder, Brazilian investors have upped their bets on locally-traded shares of Apple Inc., Netflix Inc. and GoPro Inc.

The total number of Brazilian Depositary Receipts traded increased by 104 percent this year through August 7, compared to the same period in 2017. Signs that the North American economy is in good shape, coupled with healthy corporate U.S. earnings and political uncertainty ahead of Brazilian elections in October are stoking investors’ appetite for BDRs, analysts said. Read Full Article