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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.956-0.1%3:59 PM EST
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To: TOPSID877 who wrote (6651)8/13/1998 7:00:00 PM
From: EPS  Read Replies (3) of 22640
 
Annex IV registers positive balance in July

Rio, 15 - The flow of foreign investments into Brazilian stock exchanges via Annex IV
was positive at US$607.53m in July see related story, after posting negative balances
for two consecutive months. Net inflow reached US$2.747bn above outflow which
stood at US$2.139bn. Last month's result has boosted the annual balance to
US$2.103bn.

Citibank continues managing the largest Annex IV portfolio, with net assets of
R$19.9bn, followed by BankBoston, with net assets amounting R$5.5bn. In June, the
balance was negative at US$897m. (By Ana Paula Nogueira)
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