Falling Rates Challenge Brazilian Portfolio Managers

Falling Rates Challenge Brazilian Portfolio Managers

Brazil Funds

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 funds had returns in Brazil's top 10 in the past year, according to Economatica data. For

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial