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Investors from all over the world are looking for ways to buy into Brazil’s robust economy. But are Brazilians interested in gaining more exposure to global markets? The São Paulo stock exchange thinks so.

In early October, the bourse launched a range of unsponsored Brazilian Depositary Receipts, or BDRs, which enable local investors to buy shares from the likes of McDonald’s, Google or Apple without exchanging their reais for dollars.

The new product is being marketed as a diversification tool, giving investors a new way to hedge their exposure to the Brazilian economy and currency. Deutsche Bank, which will issue the first batch of unsponsored BDRs, claims that Brazil could soon overtake Mexico as the largest market for depositary receipts in Latin America.

Read more at Financial Services Briefing: “Outward bound” (October 15th)

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