The year 2023 brought significant changes in the profile of Brazilian investors. With the Central Bank starting to cut the Selic Rate after a period of high rates, the fixed income remained attractive, resulting in an increase of 15% in the number of investors. In contrast, the variable income saw a drop of 1% in the same period.
Highlights
- Increase of 15% in the number of fixed-income investors, totaling 17 million.
- 1% drop in the number of equity investors, totaling 5 million.
- 30% growth in the total amount invested in fixed income.
- 20% increase in the total amount invested in variable income.
- Corporate debt products stand outdebentures, commercial notes, CRAs and CRIs grew by 35% in total investors.
- LCIs had the largest increase among fixed-income investments, at 58%.
- LCAs grew by 29% and CDBs increased 12%.
- Treasury Direct saw a 16% increase in the number of investors.
Fixed Income Growth
The 15% increase in the number of fixed income investors reflects the continued attractiveness of this type of investment, especially against a backdrop of cuts in the Selic Rate. The total number of fixed-income investors reached 17 million, with significant growth in products such as LCIs, LCAs and CDBs.
Fall in Equities
Despite the 1% drop in the number of equity investors, the total amount invested in this segment increased 20%. This indicates that although fewer people are investing in shares, those who remain are investing more money.
Highlights in Corporate Debt Products
Corporate debt products, such as debentures, commercial notes, CRAs and CRIs, saw a growth of 35% in total investors. These products offer an attractive alternative for those seeking diversification and security in their investments.
Treasury Direct and New Securities
Tesouro Direto also saw an increase of 16% in the number of investors, driven by the launch of new securities such as Tesouro Renda+ and Tesouro Educa+. However, traditional securities, such as the IPCA Treasury and the Selic Treasury, continue to dominate, accounting for 75% of the total balance in custody.
Conclusion
The year 2023 showed a clear preference among Brazilian investors for fixed income products, driven by cuts in the Selic Rate and the search for security and diversification. While variable income saw a slight drop in the number of investors, the increase in the total amount invested suggests continued confidence in the stock market.
