BALTIMORE (Stockpickr) -- It wasn't long ago that investing overseas was on fire. Though investor dollars have been trickling into international equities again of late, things aren't the same as they were back in early 2007 when the BRIC countries were in a full-tilt bull market. But investors shouldn't be so tentative about putting their capital to work abroad -- especially now.That's because growth opportunities still abound in a handful of "developing" countries. Even though the tentative rally of the last few years has helped overseas stocks snap back to higher valuations than they saw in 2008, they're still a far cry from their unblemished appeal in previous years. That's why investors should still be looking at these countries in 2011. >>Also: Ivy League Investing With the Yale Endowment And right now, the best of the BRICs is Brazil. To call Brazil a developing country in the traditional sense isn't really fair. The world's eighth-largest economy by GDP, Brazil has seen immense economic growth lately thanks to enviable industrial infrastructure and immense natural resource reserves. With inflation under control and the real (the country's once drama-filled currency) expected to stay cheap relative to the dollar, Brazil should continue to expand its export efforts in the next few years. That economic prosperity has been beneficial to American investors as well. At present, a handful of liquid, large-cap Brazilian stocks trade on stock exchanges stateside as American Depositary Receipts (ADRs), which allow investors to get exposure to a Rio de Janeiro-based firm as easily as any domestic stock. >>Also: Ken Fisher: Debunking Wall Street's Myths With that, here's a look at some of the most enticing Brazilian firms trading on the NYSE.
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