Reported 8 months ago
Two of Brazil’s largest money managers, JGP Asset Management and Ibiuna Investimentos, have shown confidence in Banco do Estado do Rio Grande do Sul SA by investing in its bonds after they dropped due to historic floods in the south of the country. Despite the risk posed by the natural disaster, the investors believe in the bank's financial stability and have seen the bond prices recover to pre-flood levels, expressing optimism in the bank's ability to weather the aftermath of the floods.
Source: YAHOO