BRASILIA - Brazilian investment manager and broker XP Inc aspires to become a market leader in investments in up to seven years, its CEO Thiago Maffra said on Tuesday, acknowledging the challenging global landscape but highlighting the positive domestic macroeconomic situation.
"In good years, we gain 150 basis points of market share annually, and in more challenging times, such as rising interest rate cycles, we gain 60 bps," he said at a press conference. "We believe that within a 5-7 year horizon, we should be the market leader in investments." He acknowledged that the increase in long-term U.S. interest rates "might hinder short-term prospects," but expressed confidence that this does not alter the favorable outlook for Brazil in the years ahead.Want a stellar long-term investment you can buy and hold for a decade? Keep your eye on the prize as this stock offers all that and more. The post Enbridge Stock: Keep Your Eye on the Prize appeared first on The Motley Fool Canada.
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