benchmark
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Housing credit below benchmark interest rate favors financing
The average rate of housing credit will remain below the Selic, Brazil’s benchmark interest rate, at least until the Central Bank starts an easing cycle, experts told Valor. Competition between financial firms, and the banks’ obligation t...
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Imposto de renda e previdência privada: benefícios fiscais e tributação regressiva
Este trabalho avalia a eficiência dos benefícios fiscais de postergação do Imposto de Renda, presentes nos investimentos em PGBL, conciliados com a opção pelo regime de tributação regressiva, verificando se estes promovem melhor rentabilidade que investimentos livres da cobrança de IR, em especial os LCA’s/LCI’s. A metodologia adotada (ex-post-facto) calcula a rentabilidade líquida destes...
... que os benefícios fiscais presentes nos PGBL’s podem proporcionar vantagens financeiras capazes de gerar rentabilidades superiores ao benchmark proposto, estando sua eficiência vinculada a uma combinação entre a proporção do benefício fiscal obtido, baixas taxas de administração e de ... -
Long bonds start to reward investors
... rewarded fixed income, but not the simplest floating-rate bonds linked to the Selic (Brazil’s key interest rate) or the CDI rate (the benchmark rate for interbank loans). Inflation-linked government bonds with maturities of more than five years led the way, with gains of 3.3% (measured by the ...
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Criminal liability for the trafficking in counterfeited medicinal products: problems of legislation and enforcement in Ukraine
The paper focuses on consideration of factors of international, socio-economic and legal nature that determine the dynamics and content of criminal liability for trafficking in counterfeit medicines in Ukraine. Some discussion points, both theoretical and legal, concerning trafficking in counterfeit medicines are considered. Attention is drawn to the fact that counterfeits’ volume is highly...
... drawn to the fact that counterfeits’ volume is highly dependent on the amount of patent advertising of medicines, which is an appropriate benchmark for criminals who manufacture low-quality and unregistered medicines, mainly in underground handicraft production. Particular attention is paid to ... -
Short-term interest soar, real gains ground after Copom's decision
Brazilian assets reacted strongly to the 75 basis points increase in the Selic, Brazil's benchmark interest rate, already in Thursday's early trading hours. The surprise at the harsher tone of the minutes of the Central Bank's Monetary Policy ...
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Análise das variáveis que afetam o desempenho de carteira das entidades fechadas de previdência complementar brasileiras
O estudo investigou as variáveis que afetam o desempenho da carteira de investimento das Entidades Fechadas de Previdência Complementar (EFPC) no Brasil. Para alcançar o objetivo foi analisado o Índice de Sharpe de 310 EFPC brasileiras entre o período de 2011 a 2018. Na primeira etapa foram analisadas as variáveis Tamanho, Número de Participantes Ativos, Idade, Taxa Administrativa, Taxa de...
...Com base nos resultados constatou- se que, em média, o desempenho das EFPC no per íodo foi positivo em relação ao benchmark . Entretanto, o prêmio pelo risco médio anual apresentou va lores negativos durante alguns períodos. Na análise do efeito das ... -
Analysts see stock market near 130,000 points by year-end
After a jump of more than 20% in three months and some sideways movement in recent trading sessions, the benchmark stock index Ibovespa is expected to continue advancing in the second half of the year, analysts say. The big question, they say, is to understand if ...
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Corporate debt market still buoyant despite soaring costs
... in bonds, an offering that drew attention for the amount, term and low cost: the securities mature in 11 years and pay Brazil’s interbank benchmark rate, known as CDI, plus 2.75%. The cost is even lower than what the company pays for bonds issued abroad (CDI + 4.6%, considering swap in reais).The ...
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Home loans lose steam but market rules out new crisis
The faster increase of Brazil’s benchmark interest rate Selic seems to take real estate credit on a collision course against an iceberg of double-digit interest rates, as occurred in past ...
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Inflation beats return on investments in the year
In a year in which the benchmark stock index Ibovespa was among the worst global performances, interest rates rose and inflation eroded Brazilians' purchasing power, leaving ...
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Analysis: Remarks of policymaker reduce chance of rates above 13.25%
... policy director, Bruno Serra Fernandes, in an event held by Goldman Sachs on Monday morning greatly reduces the chances of Brazil’s benchmark interest rate Selic being raised beyond 13.25% per year.He classified the extension of the cycle of interest rate hikes in the next meeting, in June, ...
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Analysis: Market wonders how high Central Bank can raise rates
... financial market is wondering up to what percentage the Central Bank’s Monetary Policy Committee (Copom) can raise the Selic, Brazil’s benchmark interest rate. Many players believe that it should exceed the expected 11.75% per year if the policymakers’ modus operandi so far is any guide.The ...
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Banks raise rates in loans to agriculture
Even with benchmark interest rate Selic at an all-time low, banks have been claiming higher risk to raise rates on loans to the food industry amid the covid-19 pandemic. ...
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Currency hedging cost soars with high interests
The cycle of hikes in the Selic, Brazil’s benchmark interest rate, started in March more than tripled the cost of currency hedging, an instrument used by companies and investors to protect themselves ...
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Stock exchange, real gain ground after inflation reading
... Central Bank could lower Brazil’s key interest rate Selic sooner than expected and boosted local markets Tuesday, with highlight for the benchmark stock index Ibovespa, which gained more than 4%. A new round of falls in interest rate futures provoked a strong repricing of stocks linked to the ...
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Collapsing oil prices raise debt challenge for Petrobras
The barrel of WTI crude, the US market benchmark, was traded at a negative price Monday for the first time. Prices rebounded above zero Tuesday but there are still many doubts about the effects of ...
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Copom maintains interest rate at 2%
The Monetary Policy Committee (Copom) maintained on Wednesday its benchmark interest rate, Selic, at 2% for the third straight meeting. Yet the Central Bank body said that the scenario for inflation "suggests that the ...
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Central Bank raises Selic to 2.75% and already foresees new hike
The Monetary Policy Committee (Copom) raised the Selic, Brazil's benchmark interest rate, by 75 basis points, to 2.75% per year. The group of the Central Bank (BC) also said that, unless significant changes occur, it ...
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Although cheap, Ibovespa lacks trigger to drive upward movement
The Ibovespa’s tumble from recent highs that happened in early April has wiped out the benchmark stock index's accumulated gains in 2022 and has shaken some of the metrics used by investors to calculate whether stocks are cheap or expensive to ...
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Asset managers upbeat about Ibovespa, currency
Asset managers were more upbeat about benchmark stock index Ibovespa and the local currency after the strong performance of Brazilian assets in March, Bank of America (BofA) found.According to a ...
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Recommendations for September include five new stocks
Investors began adjusting their portfolios after the 5% drop on Brazil’s benchmark stock index Ibovespa in August, and the same applied to Carteira Valor. From August to September, half of the stocks on the list changed. The profile ...
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Brazilian stock market still shows after-effects of pandemic
Wednesday’s trading session marked the second anniversary of when Brazil’s benchmark stock index Ibovespa reached its lowest point during the Covid-19 crash. Since then, the global economy and the capital market have gone through ...
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Central Bank keeps key rate unchanged at 13.75% a year
... Central Bank’s Monetary Policy Committee (Copom), in its first meeting since President Luiz Inácio Lula da Silva took office, kept the benchmark interest rate Selic at 13.75% per year.The decision was unanimous and in line with the median of market expectations. According to a survey of 106 ...
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Central Bank raises interest rate, signals new hike
The Central Bank’s Monetary Policy Committee (Copom) raised on Wednesday the Selic, Brazil’s benchmark interest rate, by 100 basis points, to 11.75% per year. This is the ninth consecutive increase. For the next meeting, the Copom foresees another ...
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Copom lowers rate to 3% and indicates another cut
The Monetary Policy Committee (Copom) made a bigger-than-expected cut in the Selic benchmark interest rate, of 75 basis points, taking it to an all-time-low 3%. It also indicated that it could make another cut of the same size in the next ...