Citi launches onshore real-denominated structured fund

Citi launches onshore real-denominated structured fund

brazil-flag
Investors in Brazil are seeking exposure to global recovery

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 Citi's mass affluent, high-net-worth and ultra-high-net-worth clients and is likely to be the first of many such launches.

"The fund exceeded our expectations," says Nicholas Parcharidis, managi

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: