has increased their lending targets substantially. China should take a cue from Brasil and get more serious about funneling money into targeted social investment. This is very net positive for homebuilding in Brasil. Analyst targets for GFA are on the rise.
Yahoo shows among Major Holders, Morgan Stanley (biggest EM bear) and Goldman Sachs (biggest EM bull) with more than 2M shares each. I suspect both are adding at these levels. But, what really interests me is the added volume of shares by the Pension Fund of CAIXA.
CapIQ but requires subscription. largest purchaser of the local shares was Renaissance, Grantham and Barclays. MS was unchanged as of 6/28. CS was the single largest buyer but that was due to the share exchange. keep in mind that ITUB and BBD combined control over 25mm local shares - that's where I'd imagine CAIXA does its buying.