The companies share a common goal of exceeding clients’ expectations and democratizing access to high quality and low-cost financial products and services.
XP and Banco Modal join forces to accelerate disruption in the Brazilian financial industry
Fixed income back in vogue in Brazil as yields soar
In November 2021, equity funds saw outflows for the third month in row, losing BRL 6.1 billion, or more than USD 1 billion.
Fixed-income funds creep back into vogue in Brazil as stocks falter
Though October, local bond funds account for half of industry’s USD 50 billion in positive inflows.
Investment abroad slowed in 3Q 2021, but managers are still high on Brazil
"Throughout 2021, we have observed a significant increase in the demand for investment funds abroad," says Renata Cypreste, commercial head of BB DTVM
Fixed-income funds led inflows in Brazil in September
Monthly net inflows to fixed income have risen 30% on average in 2021, with the pace quickening after March–when the monetary tightening cycle began in Brazil.
ETF BDRs gain early traction in race for Brazilian pension allocations
Paula Salamonde, director at BlackRock in Brazil, told Fund Pro Latin America that local pension funds are latching on to the firm's offering of ETF BDRs to build out their internationalization strategies.
Flows to Brazilian fixed-income funds surged in August as political tensions rose
Inflows for the year through August stood at BRL 350 billion (USD 66 billion), a nice haul considering the current market environment and lingering Covid impact.
Brazilian fixed-income funds attracted more than half of new July 2021 inflows
The Brazilian mutual fund industry had net inflows of BRL 43.4 billion (USD 8.2 billion) in July 2021, bringing the year-to-date amount to BRL 296.4 billion (approximately USD 55 billion).
2Q 2021 brings USD 4 billion in new money for international strategies in Brazil
JPM's Isabella Nunes said China funds gained market in 2Q 2021, reflecting "growing interest in Asian strategies with a focus on the countless growth opportunities offered by the region."
AllianceBernstein taps seasoned pro Bruno Stein to lead its Brazil expansion
In his few short weeks with AB, Stein, formerly with BlackRock and Itaú, has been taken aback by the sudden interest in global exposure among Brazilian investors.