Even a checking account may be taxed. The measure still needs to be approved by Congress and may undergo changes.
Negative flows continue to hit cross-border Brazilian funds in first quarter
May 28, 2023 by
Despite USD 1.7 billion exited domestic mutual funds that invest in cross-border instruments, distributors see growing interest in international diversification.
2Q 2021 brings USD 4 billion in new money for international strategies in Brazil
August 2, 2021 by
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."
Brazilian managers dust off BDR funds to meet clients’ demands for global diversification
January 13, 2018 by
Western Asset's Mauricio Lima notes that BDR funds are not subject to new, restrictive regulations on international fund investing, so institutional investors may continue to use them without restriction.
