Last updated: 08:25 / Friday, 22 January 2021
Credit Strategies

XP Launches Brazilian Fund that Invests in Moneda Asset Management's Latam Corporate Credit Strategy

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  • XP Inc. and Moneda Asset Management announces a partnership to offer Brazilian-based investors access to offshore products via new local funds
  • XP has launched the Moneda Latam Credit Advisory Feeder fund, a Brazilian domiciled fund
  • The fund is dedicated to investing into the hedged (BRL) share class of the Latam Corporate Credit fund offered by Moneda Asset management in Luxembourg

XP Inc., a leading, technology-driven financial services platform, and Moneda Asset Managementone of the largest independent investment management firms in Latin America, announced a partnership to offer Brazilian-based investors access to offshore products via new local funds.

XP has launched the Moneda Latam Credit Advisory Feeder fund, a Brazilian domiciled fund dedicated to investing into the hedged (BRL) share class of the Latam Corporate Credit fund offered by Moneda Asset management in Luxembourg.

As interest rates continue to decline globally, the search for better yields has become a focus.  Specifically in Brazil, this decline has shifted the focus from a traditionally home bias investment approach, to one which focuses on searching beyond Brazil’s borders in order to improve the risk/return balance in portfolios. By dedicating local funds to investing in Moneda Asset management products, XP seeks to give investors enhanced access to investment strategies from an experienced investment manager with a compelling track record.

 Today, the majority of investments in Brazil are concentrated in local managers. XP's strategy is to open a new avenue and bring the top managers in the world to the platform and expand investment options through local feeder funds. In this context, selecting Moneda Asset Management is aligned with XP’s strategy of partnering with top-tier managers in the world.

 “Starting this partnership with Moneda is a remarkable milestone for XP. Through an award-winning debt strategy uniquely managed by Moneda, we aim to provide Brazilians enhanced access to one of the best-in-class investment firms in Latin America. We are all very thrilled with this promising partnership.”, explains the Funds Specialist at XP, Fabiano Cintra. 

 Alfonso Duval, CEO at Moneda Asset Management stated that “we are excited to partner with XP to provide Brazilian investors with greater access to Moneda´s Credit expertise. This is a project that has been in the making for many years, and with the combination of the new macro environment, coupled with the growth of the asset class and the new investment demand, it is now the ideal time to launch this product for the Brazilian investor to take advantage of this opportunity”.

 Moneda has a globally recognized investment management expertise and XP has outstanding distribution capabilities, coupled with educational engagement that seeks to guide investors in intelligent diversification that makes sense in the current domestic and international scenarios.

 “This is extremely healthy for the development of the fund industry and very good for investors. And XP has used its size and innovative DNA to lead this front and improve this disproportionate domestic bias that we still see in Brazil”, says Leon Goldberg, partner at XP.

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