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REAL-TIME GLOBAL RESEARCH

Brazil Model Portfolio: Bad El Niño, Small Impact – Remain Diversified

Published: 2026-07-13Institution: Morgan StanleyCompany / ticker: AXIA3.SA,SUZB3.SA,XP.O,EMBJ.N,JBS.N,B3SA3.SA,PBR.N,BPAC11.SA,SBSP3.SA,MELI.O,NU.N,SMTO3.SA,SAUD3.SA,KLBN11.SA,CPLE3.SA,BBAS3.SA,ITUB.N,PRIO3.SA,VALE.N,RDOR3.SAPages: 18Original language: EnglishEvidence page: 15

Research evidence excerpt

Brazil Model Portfolio: Bad El Niño, Small Impact – Remain Diversified

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