Business

Market roundup: Higher interest rates push retail investors to fixed income

The returns on fixed income fluctuate in opposite direction to the benchmark interest rate. With rates at a six-year high, investors are fleeing from variable interest

Market roundup interest rates fixed income
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🔔 The dashboard: Brazil’s benchmark stock index Ibovespa gained 3.21 percent this week. Meanwhile, the Brazilian Real gained 0.21 percent against the U.S. Dollar this week. 

  • Biggest gains: Locaweb (tech), +31.76 percent.
  • Biggest drops: Alpargatas (retail), -12.01 percent.

Brazilians once again prefer to invest in fixed income

From January to June, investments by individuals in the retail, high-income, and private-banking segments reached BRL 4.65 trillion (USD 887.2 billion), a 2.8-percent increase compared to the previous semester, per new data from Anbima, the Brazilian association of capital market institutions. 

  • Fixed income accounted for 61.3 percent of investments, a higher rate than...
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