Investment Funds Reports

Transcription

1 Year VI - #6 - February/216 Fixed Income Funds head the month s sales and profitability rankings The Fund Industry in Numbers - January/216 In January, the industry resumed net sales (6. bln reais) following two months of net redemptions, led by the Fixed Income category, whose net sales of 12 bln reais were fueled by Government (a seasonal trend) and Retail funds, more than offsetting the net redemptions recorded by the Balanced / Mixed ( bln reais) and Equity (1.9 bln reais) categories. As a result, January s net sales exceeded the 86 mln reais posted in the same month in 21. Even though in 216 net inflow to the Fixed Income category maintained the same level as the previous year, Balanced / Mixed net redemptions were lower and the Structured (Credit Receivables, Private Equity and Real Estate) funds recorded net sales. Given the 2.2% upturn in the IMA-General, the Fixed Income funds headed the month s profitability rankings, led by, among those with significant AuM, the Fixed Income Indexed type (1.98%), which aims to track the fixed income reference benchmarks. The Macro type was the best performer in the Balanced / Mixed category, with returns of 1.72%. However, given the 6.79% decline in the Ibovespa in January, all types of Equity fund open for sales recorded a downturn, albeit less so the main stock market index. The figures on the distribution of AuM by investor segment (page 4) show that, as in 214, the share of Retail investors has grown in 21, while that of the Corporate and Government segments has fallen. The data on the distribution of AuM by asset type (page ) show a 29.27% increase in the volume of government securities, representing a 6.4 percentage point upturn in their share of the total portfoli o. Highlight of the Month Created together with the new ANBIMA fund classification, the Balanced / Mixed Dynamic type has been recording one of the industry s best long-term performances, exceeding the upturn in the IHFA ANBIMA s Hedge Fund Index in various time frames (12 to 6 month returns were estimated based on the history of already existing funds). These funds seek to generate returns through investing in various types of asset, with no commitment to a predetermined asset mix, adopting a flexible allocation policy based on market conditions and the time horizon of the investment. Their AuM totaled 2 bln reais, around 7% of which due to migration from the Multi Strategy funds and 1% from the Multi Manager funds, both of which were extinguished. Domestic Market Month Year 12M Accumulated Net Sales (R$ billion) Sales (R$ billion) Redemptions (R$ billion) Net Sales as % of AuM * ,282. 4, Jan/16 % Chg. - M Dec/1 % Chg. - Year Jan/1 % Chg. - 12M Assets under Management (R$ billion) 2, , , Number of Funds 14, , , , , , Funds of Funds,447.24,434.24, Net Balance (beginning - end) Number of Accounts Funds of Funds Off - Shore ** Assets under Management (R$ billion) Number of Funds Industry Total Assets under Management (R$ billion) 3, , , Number of Funds 14, , , Number of Administrators Number of Managers * Net sales as % of AuM is calculated using AuM on the last business day of the previous period. ** Off-Shore figures as of december//214 1

2 Net Sales (BRL bln) Assets under Management (BRL bln) Net Sales (BRL bln) AuM and Net Sales (Industry View) Fund Industry - Domestic Market Fund Industry - Domestic Market 11 3, Until january 2,8 2,6 2,4 2,2 2, 1,8 1,6 1,4 1,2 1, Accumulated Net Sales until january - BRL bln

3 Distribution of AuM (%) Evolution of AuM - BRL tln AuM and Net Sales by Category Distribution of AuM by Category (%) Dec/11 Dec/12 Dec/13 Dec/14 Jan/1 Fixed Income * Equity Balanced/Mixed Foreign Exchange Pension Funds ETF Structured Funds** Offshore Evolution of AUM Net Sales - BRL bln January Year to january ANBIMA Category Net Sales Net Sales AuM Sales Redemptions Net Sales Sales Redemptions Net Sales % of AuM % of AuM Fixed Income 1, Equity Balanced/Mixed Foreign Exchange Pension Funds ETF Sub Total 2, Credit Receivables Private Equity Real Estate Sub Total Domestic Total 2, Off Shore Industry Total 3, Note: Information subject to updating. Chart with revised monthly and yeart-to-date amounts available at * For dates prior to October, The ANBIMA Classification of Fixed Income considers both categories, DI Benchmark and Money Market. ** Credit receivables, Real Estate and Private Equity. 1 Net Sales by Category in the January - BRL bln Net Sales by Category in the Year Through January - BRL bln jan/1 jan/ Fixed Income * Equity Balanced/Mixed Foreign Exchange Pension Funds ETF Structured Funds** Fixed Income * Equity Balanced/Mixed Foreign Exchange Pension Funds ETF Structured Funds** * For dates prior to October, The ANBIMA Classification of Fixed Income considers both categories, DI Benchmark and Money Marke t. ** Credit receivables and Private Equity. 3

4 Investor Segment AuM Distribution BRL bln - Dec/1 * ANBIMA Category Institutional (1) Corporate (2) Private Retail (3) Government (4) Foreign Others Total Fixed Income ,46.9 Equity Balanced/Mixed Foreign Exchange Pension Funds ETF Sub Total 1, ,633.7 Credit Receivables Real Estate Private Equity Sub Total Off Shore Total 1, , Distribution of AuM by Investor Segment (%) Dec/13 Dec/14 Dec/1 Institutional (1) Corporate (2) Private Retail(3) Government (4) Foreign/Others 8.2% Distribution of AuM by Investor Segment % Distribution of AuM by Institutional Investors % 9.9% 8.1% 17.4% 1.2% Institutional (1) Public Pension Funds 1.8% 38.8% Corporate (2) Private Retail (3) 22.% Private Pension Funds Insurance Open Pension Funds Government (4) 43.7% Capitalization 1.% 14.1% Foreign/Others.8% Obs.: (1) Closed Pension Funds, Open Pension Funds, Insurance Companies, Capitalization, ; (2) Corporate and Middle Market ;(3) Retail and Retail High Net Worth; (4) Government and Public Pension Funds * The figures given are for the stock on the last day of the reporting period 4

5 AuM and Net Sales by Asset AuM Distribution by Asset (BRL bln) - Dec/21 * Asset Dec/21 % Chg. Month Dec/214 % Chg. Year Dec/214 % Chg. 12M Fixed Income 2, , , Repo Operations Federal Govt. Bonds 1, Private Securities CDB/RDB Financial Bills Collateral Time Deposits (DPGE) Debentures Commercial Papers CCB/CCCB Credit Receivables Real Estate Sec Others Variable Income Equities Options , ,318.6 Others Distribution by Asset (%) Dec/11 Dec/12 Dec/13 Dec/14 Dec/1 Repos Government Bonds Private Bonds Equites Total 2, , , Source: ANBIMA Source: ANBIMA % Retained by Fund Industry in Dec/1 In Federal Govt. Bonds ** In Private Securities In Equities Amount: BRL 2,6.2 bln Amount: BRL 2,39. bln Amount: BRL 1,912.1 bln 44% 29% 12% 6% 71% 88% Other Holders Other Holders Other Holders Source: ANBIMA and Nat. Treasury. Source ANBIMA and CETIP Source: ANBIMA and BM&FBovespa * The figures given are for the stock on the last day of the reporting period. ** Excludes Repo Transactions. Federal Govt. Bonds, plus the Repo Operations backed by those securities in Portfolio is equivalent to 7% of the outstanding Federal Govt. Bonds

6 Returns ANBIMA Types Returns Accumulated Returns (%) January Year Fixed Income Simple (1) Fixed Income Short Duration Sovereign (1) Fixed Income Short Duration Investment Grade (1) Fixed Income Mid Duration Investment Grade (1) Fixed Income Long Duration Investment Grade (1) Fixed Income Free Duration Sovereign (1) % Simple Short Duration Sovereign Fixed Income Short Duration Medium Duration Long Duration Investment Grade Investment Grade Investment Grade Free Duration Sovereign Free Duration Investment Grade Free Duration Free Credit Fixed Income Free Duration Investment Grade (1) Fixed Income Free Duration Free Credit (1) Equity Index Enhanced (1) Equity - Value / Growth (1) Equity - Small Caps Equity - Dividends Equity - Free Portfolio Foreign Equity Funds (1) Balanced / Mixed Dynamic (1) Balanced / Mixed Long and Short - Neutral Balanced / Mixed Long and Short - Directional Balanced / Mixed Macro Balanced / Mixed Free Portfolio Balanced / Mixed Currency and Interest Balanced / Mixed Foreign Investments (1) Foreign Exchange Indicators % January Year IMA-GENERAL IMA-S IRF-M IMA-B IHFA CDI CDI 3 X IBrX IBOVESPA DOLLAR Dynamic Long and Short - Neutral Long and Short - Directional Equity Active Index Value / Growth Small Caps Dividends Free Portfolio Foreign Equity Funds Balanced/Mixed and Foreign Exchange Macro Free Portfolio Currency and Interest Indicators Foreign Investments Foreign Exchange IMA-GENERAL IMA-S IRF-M IMA-B IHFA IBrX IBOVESPA DOLLAR 13.3 (1) For types that started after October 1st, the returns of the year, 12 months, 24 months and 36 months were estimated based on the current sample of funds. 6

7 Investment Fund Bulletin Monthly overview of the fund industry based on data collected by ANBIMA. Texts Antônio Filgueira Database and Information Manager Hudson Bessa Financial Market Research Manager Enilce Melo Technical Representation Superintendent Valéria Arêas Coelho General Superintendent José Carlos Doherty RIO DE JANEIRO: Avenida República do Chile, 23 13º andar CEP SÃO PAULO: Av. das Nações Unidas, 81 21º andar CEP President Denise Pauli Pavarina Vice Presidents Carlos Eduardo Andreoni Ambrósio, Flavio Augusto Aguiar de Souza, José Olympio da Veiga Pereira, Márcio Hamilton Ferreira, Pedro Lorenzini, Robert J. van Dijk, Sérgio Cutolo dos Santos e Valdecyr Gomes. Directors Alenir de Oliveira Romanello, Altamir Batista Mateus da Silva, Carlos Augusto Salamonde, Carolina Lacerda, Celso Scaramuzza, Jair Ribeiro da Silva Neto, Luciane Ribeiro, Luiz Sorge, Luiz Fernando Figueiredo, Otávio Romagnolli Mendes, Richard Ziliotto, Saša Markus, Sylvio Araújo Fleury e Vital Meira de Menezes Junior. Executive Committee José Carlos Doherty, André Mello, Ana Claudia Leoni, Guilherme Benaderet, Patrícia Herculano, Valéria Arêas Coelho, Marcelo Billi, Soraya Alves e Eliana Marino.