Net asset value (NAV) total returns stood at 3%, while the share price fell 1% versus a 7% gain in the MSCI Brazil 10/40 index.
The trust was hurt by volatility in the run up to Brazil’s general election in 2018, along with inflation worries and depressed market sentiment.
‘If the social security reforms obtain this final approval, the momentum will exist for the government to move on to the other reforms...
with tax reform likely to be the priority,’ said Myles.
Vietnam maintains diplomatic relations with 169 countries; signed bilateral and multilateral trade agreements with 80 countries; and exchanged most favored nation privileges with over 70 countries and territories, namely those with high capital, industrial resources, and large markets such as found in the US, Japan, EU and the newly industrialized economies of East Asia.