Brazil is no longer just a tourist hot spot, but a solid profit play for savvy investors, too. And one of the best ways to profit from Brazil’s expected 4.8% growth in gross domestic product this year is to invest in one of the Latin American nation’s infrastructure-focused firms.

How do you follow the money? By tracking investments made by the world’s cash-rich sovereign wealth funds (SWFs). Irwin says Gulf-state SWFs are moving into oil-rich Southeast Asia - tipping off investors to stable, long-term growth opportunities.

There are plenty of stocks to choose from. There are more than 30 Brazilian companies with full American Depository Receipt (ADR) listings on the New York Stock Exchange, plus 40 to 50 more that are traded in the over-the-counter market. Here are a few attractive examples to consider.

This is Jake Berzon of Odesskiy Listok's take on Fortune Magazines Best Best Stocks for 2008.

Annaly (NLY) – This company used to be on my watch list. It is a rather volatile stock that is in the current at-risk business (Fannie Mae and Freddie Mac are private companies), whose stock appreciated while all of the financials depreciated – so it is bigger gamble than I am willing to take.