Franklin Templeton Sees Bigger Rebound for 'Super Cheap' Brazilian Stocks - Bloomberg

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The recent rally in Brazil's beaten-down stock market that has transformed it into one of the world's top performers in the first weeks of 2022 isn't over yet, according to Franklin Templeton. 

"The potential for rebound is gigantic," said Frederico Sampaio, who manages about 3.5 billion reais ($650 million) from the firm's Sao Paulo office. "Prices are still distorted" after investors rotated away from local equity-focused funds, forcing domestic money managers to trim positions in the domestic market, he said in an interview. "Brazil remains super cheap."

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