RIO DE JANEIRO, BRAZIL - In the past, cross-border investment was limited to buying foreign currency, shares listed abroad, or a house in Miami, but this portfolio has become more sophisticated.
Among the factors behind this increase are the downward trend in interest rates (interrupted this year) and the recent political instability. According to the Central Bank, total financial investments abroad amounted to US$61.6 billion from January through August, up 44% compared to the end of 2020. Not even the appreciated dollar cooled this demand for security.
"Investing abroad stopped being a currency protection a long time ago . . .
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