PRO articleSmall Caps
Brazil’s Small-Cap Discount Nears Record High as High Rates and Political Risk Bite
The valuation gap between Brazilian small-cap and large-cap stocks is near a historical high, reflecting severe investor aversion to local political and interest-rate uncertainty.

The valuation gap between Brazilian small-cap and large-cap stocks is near a historical high, reflecting severe investor aversion to local political and interest-rate uncertainty.
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