Another Year of Amazon Asset Growth Brazil is the largest country in South America in terms of population, economy and geography. Over the past few years, the growth of its financial products has also made a mark, making it the largest mutual fund market in the region. This is an achievement, since the savings culture in Brazil has had to overcome Brazil's period of hyperinflation, which subsided only in 1994.
Brazilian investors are still very conservative, investing heavily in fixed income products.
However, the introduction of new and more diversified products is attracting more investors to equity investments. This month, the World's Fare takes a closer look at Brazil. The majority of the economic activity is concentrated in the southern region, where the population is also concentrated. The devaluation of the Brazilian Real in January 1999 was a turning point for the economy. Although the economy is relatively healthy, Brazil still has challenges to face.