In a scenario of high "real" and nominal interest rates, with no prospect of a reversal in the short term, and still suffering from shareholder withdrawals, institutional investors - in this case, basically investment funds - have progressively reduced their participation in the Brazilian stock exchange.
After reaching a peak, accounting for a slice of 35.2% of business in 2019, the category saw its share reduced to 23.7% on the 11th, the lowest percentage in 12 . . .
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