Morgan Stanley Top Fund Shuns Brazil, Colombia on Election Woes

Plaza Bolivar in Bogota. — Plaza Bolivar in Bogota.
Photographer: Nathalia Angarita/Bloomberg

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By Maria Elena Vizcaino

January 16, 2026 at 2:15 PM UTC

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Morgan Stanley Investment Management is shunning local debt from Brazil and Colombia as ballooning budget gaps add to concerns ahead of this year’s presidential elections in the two nations.