Getting in the game

Getting in the game

      Changing times. The bread-and-butter menu that Brazilian banks had served to midsize investors throughout decades of high interest rates is no longer enough. With the days of double-digit rates gone, younger Brazilians have adopted a greater risk appetite than their parents who were content to stick with traditional savings and fixed-income products that tracked inflation.      “Brazilian investors used to be predominantly conservative,” says Paula Manzanék, head of funding and investment at Banco do Brasil. “The economic environment did not require a great deal of sophistication to achieve good returns.”       But the fall in the Selic, the basic rate set by the central bank, from 14.

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