Citi launches onshore Brazilian fund linked to US stocks

brazil-reals
Citi's US-linked fund is denominated in real

Citi has launched the first onshore real-denominated structured fund linked to a basket of US stocks in response to demand from investors in Brazil for diversification away from domestic underlyings.

The fund, which closed on Thursday, June 23, raised 146.2 million reais ($91 million). It was marketed to the bank's mass affluent, high-net-worth and ultra-high-net-worth clients and is likely to be the first of many.

"The fund exceeded our expectations," says Nicholas Parcharidis, managing directo

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: