Why Brazilian Investors Still Prefer Fixed Income | Danilo Ardenghi, Mais Retorno

Brazil has roughly R$11 trillion invested across its fund industry, but the way Brazilians allocate capital looks very different from the traditional stock-and-bond portfolios familiar to many U.S. investors. Danilo, founder and CTO of Mais Retorno, joins the podcast to explain Brazil's fund industry, why CDI and fixed-income products dominate investor portfolios, and why equities face such a high hurdle when short-duration investments offer attractive yields. We also discuss Brazil's emerging ETF market, changes in financial-advisor compensation, the potential impact of lower interest rates on investor behavior, and Danilo's own approach to investing in Brazilian banks, insurance companies and commodity producers. Find Danilo on X: https://x.com/daniloardenghi Mais Retorno: https://maisretorno.com _______________________________________________________ Interested in business and investing in Latin America? Join the LATAM Stocks community: X / Twitter: https://x.com/LatamStocks YouTube: https://www.youtube.com/@LatamStocks LinkedIn: https://www.linkedin.com/in/patrick-flood-cfa-26869140/ Newsletter: https://Latamstocks.substack.com