Funds drained $ 16 bn in April, record for the historical series

In April, investment funds had the second month followed by net redemption – more withdrawals than deposits – with an outflow of R$ 91.1 billion ($ 16 billion), a record for the historical series of Anbima, which started in 2002. In March, R$ 24.2 billion ($ 4.3 billion) from the fund industry. In the year, sangria is R$ 69.6 billion ($12.5 billion). Most of the April withdrawal (64%) was from fixed income funds with net redemption to R$ 58.6 billion ($ 11 billion).

Source: Folha

Categories: Macroeconomy/Finance