Falling Rates Challenge Brazilian Portfolio Managers
With interest rates dropping, times are more challenging for Brazilian fund managers, who have had to look at a broader scope of assets to hit return targets and navigate the rate changes and stock moves of the past year. "Today, you need to set a higher target over the interbank rates of at least 1.0-1.5%," Ronaldo Patah, head of fixed-income at Itau Asset Management, tells LatinFinance. Two of Itau's debt...
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