Fitch Ratings-Sao Paulo-17 December 2020: Fitch Ratings’ sector outlook for asset managers in Brazil is stable, as is the Rating Outlook. The agency highlights the return to growth amid shifting investor needs and uncertainties after the crisis caused by the coronavirus pandemic. The inflows have been propelled by the decline in benchmark interest rates to a historical low of 2.0%, driving strong demand for more sophisticated investment strategies, such as equity and multimarket. Fitch expects these dynamics to remain in place during 2021, despite ongoing concerns related to the government’s fiscal condition and the global pandemic.
By Pedro Gomes via Fitch Ratings