Fund of the week: a good spot in Brazil

The Merrill Lynch Latin American Investment Trust is one of the best ways to invest in Brazil - an increasingly popular destination for overseas investors.

"It is not difficult to understand why Brazil has become an increasingly popular choice for overseas investors," says Investors Chronicle.

Falling public debt and a move away from state interventionism by President Lula attracted investors initially and the strong performance of the Bovespa index has kept them coming the market is up 37% in the year so far.

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