Although the fort high of the stock market in last the three years, the multiples of Brazilian market still are attractive versus other Stock markets, fruit of the strong expansion of profits of the companies registered in recent years. For 2006, we esteem, one more time, a significant growth of profits, leading for the sectors of mining, oil, banks and consumption. Better consulting atuarialCarreira was in the Watson Wyatt of Brazil Ltda.Acertos in 2005 the providence market was in stand by, that is, with small growth. Economic projections for 2006 Will be one year where the pension funds will be working strong in the decurrent operational questions of the Resolution n13 and the new justinian codes, having many chances for administration service. Until ways meet to foment the multiplanes, the pension funds will mainly continue without significant growth, while the open entities will have to come back to grow, for the absorption and agreement of the new regimen tributary (regressive) and for launching of products more directed, with agreement and application simplified in regards to choice of profile of investments. Better analyst of cmbioCarreira- Fernando Menin Gaertner, 32 years, was elect better analyst of exchange in this year.

It has two years and way it is manager of exchange, responsible for the administration of> But the year of 2005 was marked by a combination of extremely favorable a external scene for Brazil (international liquidity raised the low interests) with an internal scene that also favored the dollar entrance, with the high interests and balances records in the trade balance. Who imagined this scene in the front gained much money, after all the dollar fell the entire year, with some sighs due to crisis economic polticProjees for 2006, Marcelo Axe receives the Prize Investing. The first one was in 2000, when allocation was elect optimum in asset. In this year, the strategist and director of research of the UBS earned as better analyst of the textile sector. Rightnesss in 2005 not economic informadoProjees for 2006