Boletim de Fundos de Investimentos

Fund industry raises R$23bn in April and reaches 70% of 2020 balance

The fund industry raised R$ 23.3 billion in April, bringing the year-to-date amount to R$ 124.1 billion, already accounting for 70% of the 2020 net balance. Among the most representative ANBIMA classes, Fixed Income has the largest net assets in the industry (36%), with net inflows of R$ 4.5 billion in the month and the biggest amount in the year at R$ 64.4 billion. The most representative Fixed Income type, the Short Duration Sovereign, attracted R$ 1.52 billion in April and R$ 67.6 billion in 2021.Fund Industry.PNG

 

The Balanced-Mixed class, with the industry’s second-largest net assets (23.7%), raised R$ 12.4 billion in April, bringing the total to R$ 50.4 billion since January. Within this class, the Foreign Investment type had net inflows of R$ 7.1 billion, while the Balanced-Mixed Free raised R$ 7.7 billion - both have the largest net assets and attracted the biggest inflows.

The Pension Fund class, with 15.8% of the industry's net assets, had net outflows of R$ 11.7 billion and R$ 1.9 billion in April and in the year, respectively. The Fixed Income - Free Duration Investment Grade, the most representative in the Pension Funds class, had net outflows of R$ 2.4 billion.

With a 10% share in the fund industry's net assets, the Equity class raised R$ 4.9 billion, shrinking the negative year-to-date balance (R$ 4.2 billion) due to a pension fund’s amortization in the period. Within this segment, the Equity – Free Portfolio, with the largest net assets, attracted R$ 1.5 billion in April, while the Foreign Equity led net inflows with R$ 3.3 billion.

The Credit Receivables Investment Fund class, or FIDC, which accounts for just 3.6% of the industry, brought R$ 14.8 billion in April. However, the FIDC - Agribusiness, Industry and Commerce alone accounted for nearly R$ 15.2 billion. The FIDC class shows net inflows of R$ 34.8 billion in the year through April.

As for the highest returns in April by class, the Fixed Income - Long Duration Investment Grade gained 0.94%. In the Balanced-Mixed, the Long and Short – Neutral was up 2.03%. In the Pension Funds class, the Equity Active Index yielded 3.33%. In the Equity segment, all types had positive returns and only 2 out of 12 portfolios underperformed the Ibovespa (1.94%).Equity class.PNG