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Americanas retailer overthrows largest fixed income fund in Brazil

The largest fixed income fund in Brazil, with around 1.3 million shareholders, the “Nu Reserva Imediata”, indicated in Nubank’s option for “Emergency Reserve” and presented as “low risk and high liquidity”, had negative profitability in the last 30 days due to the drop of more than 57% in Americanas shares in the last month.

Although “Nu Reserva Imediata” is one of the options, the bank reinforced, in a statement, that the standard suggestion of . . .

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