Brazil Brings End to Tax on Foreign Bond Buyers, Removes What Had Been a Key “Disincentive,” Says Market Vectors’ Fran Rodilosso

NEW YORK--(BUSINESS WIRE)--On Tuesday, Brazil’s Finance Minister officially eliminated a tax that affected foreign bond buyers. This followed a number of developments on the international finance stage over the last several months, including a reduction in capital flows into Brazil. “I believe this change should be viewed as a positive one for investors, though they should still cast a somewhat critical eye on the country’s efforts to improve its economic situation,” said Fran Rodilosso, Fixed Income Portfolio Manager at Market Vectors ETFs.