We’re continuing our 80-day trip around the world interviewing fund selectors in locations way beyond the major financial centres. Our next stop is one of Latin America’s largest markets which has undergone dramatic changes in recent years: Brazil.
‘Brazil used to be the world champion not only in soccer but in interest rates as well,’ said Bruno Brito, an executive director and head of fund research for Brazil at BTG Pactual.
That is a novel starting point for a conversation on Latin America’s largest and most attractive market for international asset managers. The past few years have dramatically changed Brazil’s fund industry as bottoming interest rates have allowed fund giants to market new brand new products for the country’s local investors.
Never before have the options for Brazilian investors been so varied.
Brito also shared his outlook on the Brazilian economy and the inevitable impact that the Covid-19 pandemic has wrought not only on the region, but also on the country, where cases have increased substantially throughout the summer.
Topic time codes
0.00 - What makes Brazil a unique market?1.22 - What kinds of trends in the fund market are you seeing?2.34 - Development of the Brazilian fund industry now3.32 - What opportunities are now available in Brazil?4.20 - Issues with overlapping funds and managers5.00 - A brief overview of the Brazilian economy6.05 - Brazil’s unique challenge