Juca Andrade, B3’s chief product and client officer
Much has been made of the difference in sentiment between local and international institutional investors about the outlook for Brazil. And while these diverging views are real – and interesting – there has been very little focus on the rapid growth in retail investment in local equities.
That change may be worth noting from a behavioural perspective – the dispersion of individuals’ views on the asset class and their changing risk appetites – but, more immediately, it is having a material impact on the Brazilian stock exchange.
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