Franklin's Daniel Popovich along with peers from JP Morgan and Santander, says managers in Brazil noticed a pickup in global fund sales in 4Q 2022 after a difficult nine months.
Brazilian funds investing abroad were battered in 2022, but a recovery is expected for 2023
Brazilian funds hammered by USD 32 billion in outflows in 2022
Despite high yields on bond funds, other rival products in the market, such as tax-exempt vehicles, are competing for individuals' attention.
Brazilian bond and mixed funds faced redemptions in November 2022
The Brazilian mutual fund industry saw outflows of BRL 19.6 billion (USD 3.8 billion) in November, with Fixed Income and Balanced-Mixed classes leading net selling.
Brazilian equity and fixed-income funds faced redemptions in October
Brazilian mutual funds suffered net outflows of BRL 4.4 billion in October, with the largest withdrawals generated in the fixed-income and equity classes.
XP launches slew of global products in Brazilian retirement space
With international launches, XP has established footing in the market of retirement products purchased at the individual and company level, says partner Roberto Teixeira.
Flows in Brazil turn sharply negative in July on redemptions from a few large funds
A terrible July more than erased about USD 7 billion in industry inflows that had been accumulated through June 2022.
Brazilian investors retreated from equity and balanced funds in September
Fixed-income funds were still sporting positive year-to-date flows of BRL 94.7 billion through September.
Inflows to Brazilian mutual funds reach BRL 3.7 billion in August
Investment-grade fixed-income funds saw the biggest inflows in the period, at BRL 15.3 billion.
Rising rates and war in Ukraine led to global fund redemptions in Q2 2022
Nordea's Roberto Martinho noted a jump in risk aversion with regard to European equities, in the wake of the Ukraine invasion.
Brazilian mutual fund flows barely positive for first six months of 2022
Brazil’s mutual fund industry struggled to post positive flows in the first half of 2022, raising only BRL 8 billion, a far cry from the BRL 272.5 billion raised in 2021.