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.
While easing positions short term, Brazilian pensions maintain focus on global markets
Early global positions of Brazilian pension manager Postalis were taken with Templeton and BTG Pactual, said investment director Pedro Pedrosa.
Brazilian mutual funds face outflows of BRL 64 billlion in May
Amid rising interest rates, fixed-income funds keep luring investors and have received BRL 98 billion in net funding so far this year.
Brazilian funds with cross-border strategies hit with USD 3.8b in 1Q withdrawals
“This move was expected and totally understandable," says Frederico Monteiro, head of offshore fund management at BB DTVM.
Brazilian fixed-income funds led surge in flows in March and first quarter
In the first quarter, the fund industry had net inflows of BRL 46.1 billion, while fixed-income funds received BRL 109.2 billion.
Brazilian investors pulled BRL 14 billion out of more volatile funds in April
Equities and Balanced-Mixed funds, the most volatile, faced BRL 14 billion in net outflows, with redemptions of BRL 7.3 billion and BRL 6.7 billion, respectively.
19 BDRs of ETFs from Global X arrive at the B3
The ETF BDRs will initially be intended for qualified investors (with more than BRL 1 million invested), but should soon be available for general investors as well.
Investor caution boosts demand for Brazilian fixed-income funds
Investor caution was rewarded by fixed-income funds’ strong performance, while poor returns led to outflows from equity and mixed funds in February.
Itaú puts Goldman brand name on in-house feeder fund
The Goldman Sachs Global Millennials USD Selection Ações feeder fund will be available through Itaú’s fund of funds platform and is aimed at qualified local investors.