NEW YORK (TheStreet) -- Some big investors are looking to buy assets on the cheap in Brazil because the stock market is down 25% off its highs in 2011 and Brazil's currency, the real, at its lowest level versus the U.S. dollar since 2005.
Among investors taking an interest is John Tsui, managing principal of Peninsula House. Tsui cited both Brazil and Spain as places where he is especially interested in investing at the moment due to plunging asset prices.
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"The smart money is going to look and say 'everything is marked down,' and if I'm a U.S. dollar investor or an investor with any other currency and I'm looking to expand in Brazil it's a pretty interesting time to do it," Bok said.
Among factors contributing to Brazil's weakness is an overly interventionist government and a sharp selloff in commodities, according to Peter Lannigan, head of emerging markets strategy at CRT Capital Group.
Also, as with most emerging markets countries, corruption is a major risk. On Monday, Brazil's comptroller Jorge Hage charged with fighting corruption, resigned amid a widening bribery scandal implicating Brazilian energy giant Petrobras (PBR) and the Workers Party of recently reelected Brazilian President Dilma Rousseff.