The volume managed by the wealth management houses reached BRL 321.6 million in 2021, an increase of 22.3% compared to 2020 (BRL 220.5 million). The number of investment instruments – such as investment funds and managed portfolios – also grew in the period, from 25,912 to 29,684 (+14.6%).
The data are from the Brazilian Association of Financial and Capital Market Entities (Anbima).
For Jan Karsten, director of Anbima, this growth was not a surprise, but a “natural movement” with new families generating net worth and more resources reaching the hands of wealth managers.
According to data from Anbima, investment funds continue to have the largest financial volume, with BRL 228.6 billion last year compared to BRL 183.1 billion in 2020 (+24.9%).
The increase in managed portfolios was 16.3% in the period, from R$80 billion to R$93.1 billion.
Asset type
All types of assets showed growth in 2021, but the highlight is fixed income and multimarkets. Fixed income went from 37.6% to 40.2% of the total financial volume from one year to the next.
Within this segment, public bonds gained space, rising from 7.8% to 9.9% of the total. In reais, the financial volume of fixed income grew 30.7% (from R$ 99 billion to R$ 129.4 billion), with a greater presence of quotas of funds of this class (R$ 37.2 billion).
The volume allocated to hedge funds also grew by double digits (+22.5%), from a total of R$63.6 billion to R$77.8 billion, but the class maintained its percentage share (24.2%). in the total distributed.
For the director of Anbima, what drew attention were the actions. The financial volume of variable income grew 2% in 2021, from BRL 71.9 billion to BRL 73.3 billion.
“If we imagine that a good part of the equity funds had a negative performance, the evolution of the net worth was good, despite everything”, says Karsten. The class, however, decreased its participation in the total financial volume managed by wealth managers, from 27.3% to 22.8%.
Another highlight was the “significant growth of structured funds”, both in distribution (from 8.3% to 10%) and in financial volume (+46.2%), according to Karsten.
“The search for funds from private equity and the real estate sector generated a certain attractiveness, not least because of the hedge natural protection they present against inflation”, evaluates the director of Anbima.
Distribution by country
The Southeast region was the highlight this year, with the highest financial volume (85.5% of the total) and a growth of 24.4% (from BRL 221.6 billion in 2020 to BRL 275 million in 2021).
Then come the South regions, with an increase of 11.2% in shareholders’ equity (R$ 29.4 billion), Central-West (+23%, with R$ 5 billion), Northeast (+8.7%, with R$11.1 billion) and North (+55.6%, with R$1.1 billion).
Source: CNN Brasil
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