Net fundraising plummets 97.1% in the 1st half compared to a year, says Anbima
In the first six months of 2022, the industry had a positive balance between funding and redemption of BRL 8 billion
The first semester of fund industry challenged the managersespecially from multimarket classes and shares. Both had important net redemptions (negative balance between inflows and outflows), totaling R$ 111.3 billion.
This joint outflow was the lever for the sharp 97.1% drop in net funding in the Brazilian fund industry in the first half of this year compared to the same period in 2021. In the first six months of 2022, the industry had a positive balance between funding and redemption of BRL 8 billion. In the first half of last year, it had been R$ 272.5 billion. Shareholders’ equity reached BRL 7.2 trillion in June, which represents an increase of 6.8% compared to June 2021.
Fixed income funds (RF) had a net inflow of R$ 88.8 billion in the first half. Equity funds (FIAs) had net redemptions of R$ 49.5 billion in the same period. Multimarkets had a net redemption of R$61.8 billion. And another positive highlight, in addition to the RF, were the FIDCS, credit rights funds, which had a net funding of R$ 31.6 billion in the first half
“The increase in the interest rate generates a greater attractiveness of fixed income products such as those exempt from Income Tax LCI, LCA, incentivized debentures, which makes this asset class more attractive vis à vis the funds”, said Pedro Rudge, vice president of ANBIMA (Brazilian Association of Financial and Capital Market Entities), at a press conference.