When the Great Recession hit in 2008, economies were affected so severely that many of them have yet to recover. However, Brazil was one of the exceptions.
In its quarterly inflation report, the Banco Central do Brasil projected that inflation measured by Broad National Consumer Price Index (or IPCA) could be 6.6% in 2016. In December’s report, the central bank had expected inflation to be 6.2% in 2016.
The Fidelity Advisor Latin America A Fund fell 8.6% in August 2015, from July 2015. In the three-month period ending August 31, the fund was down by 16.4%.
The Fidelity Advisor Latin America A Fund seeks long-term growth of capital by investing “at least 80% of assets in securities of Latin American issuers.”