Bradesco launches new fund in Japan

Billionaire Japanese market appears to be a very promising field for the resource managers in Brazil. The latest move is the Bradesco Asset Management (Bram), which launches this week a portfolio of Brazilian equities smaller (small caps) for the Japanese retail.  The idea is to capitalize on the success of the other two funds launched in that country: a fixed income fund, now has $ 980 million of equity and an equity fund  with $ 518 million.

Denise Pavarino, director general manager, declared to Jornal Valor that Bram expects to raise $ 200 million with this fund.

Bram recently received the reinforcement of former Treasury Secretary Joaquim Levy. He is responsible for the strategic management of Bram and will be in Japan to monitor the supply and attend an event about the Brazilian economy. “We have a ‘Operating day’ in Tokyo on Wednesday to spread a little of the economic situation in Brazil,” says Levy.

The fund will be distributed by the asset management arm of Mitsubishi bank, Bradesco’s partner and will have minimum application of $ 100.00.

Source: Jornal Valor

Published by Hildete Vodopives

Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists Group. She has a PhD in Economic History and advises companies and investment agencies in international business development.She served as Corporate Relations Director and later, on the board of the Brazilian Investment Analysts Association (APIMEC).

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