NEW YORK ( TheStreet) -- A slate of better-than-expected economic reports in Brazil should calm inflation fears and boost stocks this summer, says Nick Robinson, manager of the Aberdeen Latin America Equity Fund (LAQ). Among Robinson's favorite Brazilian picks are Ultrapar Holdings (UGP - Get Report), Petrobras (PBR - Get Report) and Banco Bradesco (BBD).The $287 million closed-end fund, which has recently been trading at a 9.9% discount to its net asset value (NAV), has seen its price rise 7.2% over the past year. The NAV of the fund has risen 6.2% over the same period. The fund doesn't employ leverage and generates an annual distribution rate of 4.8%.
Best of Brazil: Ultrapar, Petrobras and Bradesco
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