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Brazil: risk aversion increases, and fixed income is highlighted again

Fixed income shone in February, while the investor who got excited with the low prices on the stock market saw their strategy frustrated by a season of selling stocks.

Without new money from foreign capital - the fuel that drove equities throughout 2022 and in January - assets considered more conservative and tied to interest rates proved to be a better destination.

In the month's ranking, the leadership went to inflation-linked government bonds with maturities of up to five years, reflected in Anbima's IMA-B 5, appreciating 1.41%, with gains of 2.82% in the year.

The effortless . . .

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