Day: April 17, 2020

Significant rise in clients in Latin America requesting succession planning: ZEDRA

Wealth management firm Zedra has reported a significant rise in the number of requests from clients based in Latin America, asking for a review of both their succession planning and structuring strategies. While not linked directly to the Covid-19 outbreak, Zedra believes the publicity surrounding the pandemic has acted as a catalyst, prompting clients to review how their estates will be managed.

Brazilian asset management industry experienced outflows of $5.9bn in March

Brazilian asset managers have had relative success in managing market risk and preserving fund liquidity within their strategies, despite the impact of Coronavirus pandemic. In terms of investment flows, the Brazilian asset management industry experienced aggregate outflows of BRL31 billion ($5.9 billion) during March 2020, representing 0.6% of total asset under management, according to Anbima figures.

Ethanol demand dropped 20% in the second half of March

Brazilian sugar and ethanol companies are going into survival mode, cutting back harvest operations and tapping into credit lines to weather the slump in fuel demand caused by the coronavirus pandemic. Ethanol sales in Brazil’s top fuel consuming central-south region dropped 20% in the second half of March, according to sugar industry group Unica.