Business

Brazil’s fund industry surviving the Covid-19 crisis

Despite the stock market plummeting, investment funds in Brazil have actually grown during the Covid-19 crisis

stock market Brazil’s fund industry surviving the Covid-19 crisis

Despite the steep volatility that wiped away the equivalent of two years of gains for the São Paulo stock market and led the Brazilian Real to plummet, Brazilian investment funds managed to raise BRL 11.8 billion in the first twenty days of March, according to data provided by the National Association of Financial and Capital Market Entities (Anbima).  

Surprisingly, variable income-focused products registered a positive influx of money, with stocks funds raising BRL 5.8 billion, more than enough to compensate for the BRL 5.3 billion loss in fixed-income products. Exchange-traded funds (ETFs) — stock indexes traded as stocks —...

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