The investment seeks long-term capital appreciation.
The fund normally invests at least 80% of net assets plus any borrowings for investment purposes in a portfolio of equity investments that are tied economically to Brazil or in issuers that participate in the markets of Brazil. It expects to invest primarily in equity securities, including common or ordinary stocks, ADRs, GDRs, EDRs, preferred stock, convertible securities, investment companies, and rights and warrants. The fund is non-diversified.
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