Our Partner and Portfolio Manager, Fernando Donnay, shared with Valor Econômico his outlook for the coming months and for 2026.
He notes that inflation is beginning to show signs of convergence, which could pave the way for a Selic rate cut early next year. Despite short-term uncertainty stemming from the impact of recent tariff hikes, he reinforces that investors should not shy away from seeking opportunities.
Donnay sees positive prospects for local assets, with a selective approach to Brazilian equities and a focus on real interest rate–linked strategies, which serve both as protection and as a way to capture potential asymmetries in the electoral scenario. Abroad, he remains confident in U.S. equities, supported by strong fundamentals and the transformative potential of artificial intelligence.
Read the full article here.