Brazil offers different ways to invest within the same market.

Equities, local fixed income and hard-currency credit are driven by different factors and may serve different portfolio objectives.

Breadt:

A market that reflects the shape of the economy.

Domestic sensitivity:

Many businesses respond directly to rates, confidence and internal demand.

Active opportunity:

Company selection matters, especially outside the largest names.

What investors often look for:

Domestic growth exposure, rate-sensitive businesses, earnings recovery potential and companies outside index concentration.

Fixed income and credit markets

Local rates

Driven by domestic policy, inflation expectations and curve shape.

Long duration

Focused on the long end of the local sovereign curve.

Hard-currency credit

Brazilian issuers in USD markets, separate from local FX exposure.

How investors use this market

Local rates and hard-currency credit serve different purposes. One reflects domestic policy and real yields; the other reflects issuer risk and global spread conditions.

Market framework

Independent central bank: Monetary policy operates through a recognised domestic framework. Local funding base: Brazil largely funds itself in local currency. Market infrastructure: Established trading, clearing and settlement systems.

See our Brazilian Mid/Small Cap Fund

Brazilian domestic equities.

Brazilian Capital Markets