Sextant Fund Manager Bullish on Brazil's Itau, Unilever and Pepsi

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Sextant Fund Manager Bullish on Brazil's Itau, Unilever and Pepsi

Sextant Fund Manager Bullish on Brazil's Itau, Unilever and Pepsi
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Sextant Fund Manager Bullish on Brazil's Itau, Unilever and Pepsi

by TheStreet 1:58 mins

Sextant Fund Manager Bullish on Brazil's Itau, Unilever and Pepsi

by TheStreet 1:58 mins

Negative headlines about the Brazilian economy have created a promising entry point for investors to get into Itau Unibanco, says John Scott, portfolio manager for the Sextant Global High Income Fund. Scott is also bullish on European consumer staples giant Unilever due to its healthy and safe dividend, as well as its large portion of revenue derived from emerging markets. Finally, Scott says he likes Pepsi as a contrarian story, adding that the beverage and snack giant will soon outperform Coca Cola due to its cost cutting and synergies with its Frito-Lay snack business.

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