INTERNATIONALIZATION OF HERITAGE

We believe it is time for Brazilian investors to look to the international market. Most Brazilian portfolios have a high concentration of local assets. Historically, this approach has worked, but the opening, increasingly easier of the market for investments in safer and more profitable international portfolios, has pleased and filled the eyes (and pockets) of the modern investor.

The challenge now is to build portfolios that meet return targets while having sufficient diversification. International investments can play an important role in this objective, in addition to diversifying Brazil-risk and tax optimization.