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Re: Checking in with Gensler
closer
05-04-2008, 8:19 AM | Post #2514501
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Good day Migues, PRGSX has been one of the core funds in my Roth IRA for the past three years. Gensler's expertise in telecoms is one reason for the fund's success (watch Bharti Airtel). Peggytex, You might reduce PRLAX a bit but I would not sell it. Recent events have changed the game in Brazil: 1) the discovery by Petrobras of the world's potentially third-largest oil reserves; 2) S&P's upgrade of Brazilian debt to investment grade which will broaden the field of foreign investors. Many of Brazil's big international firms, including Petrobras (PBR) and Vale (RIO), enjoyed a run-up last week, but some analysts now expect domestic firms to benefit from internal growth. PRLAX manager Gonzalo Pangaro is already positioning his portfolio to take advantage of domestic growth with stakes in Lojas Renner, etc.
Topics
core
Funds
portfolio
Roth IRA
S&P
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