总出现：5
团队首次亮相：2010
第二年第二年，BTG PACTUAL TRIO由AlexandreMüller.第三名。Müller，谁从圣保罗做出，并指导了地方市场战略的3号队劝告美国利率潜在上涨的潜在潜在兴趣是该地区信贷市场的关键问题。“一旦国债走高了，拉丁美洲国家的外汇汇率预计将贬值，”他解释说，“公司的价值更高，为公司的资金负债的价值和减少了国际资本市场的流动性。”Accordingly, the strategists predict that regional corporates will refinance short-term maturities ahead of rate increases in the U.S. They are advising clients to overweight investment-grade bonds rather than high-yield credits, believing that companies are unlikely to post earnings surprises in the challenging macroeconomic environment. Favorites include several Brazilian issues: energy giant Petróleo Brasileiro’s 5.75 percent bonds due in 2020; the perpetual bonds of Odebrecht Finance, a Cayman Islands–based subsidiary of construction and engineering conglomerate Odebrecht, and BR Malls Participações, which operates shopping centers; and the 2019 and 2020 credits of banking services provider Banco BMG. The 2022 bonds of Peruvian miner Volcan Cía. Minera also are recommended. BTG’s São Paulo– and Santiago-based team earns praise for producing reports that are “accurate and timely,” as one fund manager puts it.