RIO DE JANEIRO, BRAZIL - After a decade stationed around 500,000 individual investors, the Brazilian Stock Exchange surpassed one million CPF (Individual Tax ID)-holding investors in July 2019. Since then, the number has continued to grow and now, during the quarantine imposed by the novel coronavirus, the trend has gained further momentum: from March to July 2020, 900,000 new trading accounts were opened, raising the total to nearly three million investors.
Brazilian residents' access to the B3 managed to offset part of the R$45 billion withdrawn by foreigners in the capital market during the pandemic. It was . . .