Brazil investment funds top $1trn in 2011 According to the Brazilian Financial and Capital Markets Association (ANBIMA), the collective AUM of Brazilian investment funds reached $1tn for the first time in 2011 after posting a rise in net deposits for the third year in a row.
Despite redemptions occurring in May, fundraising by Brazilian funds is at its highest level for five years, according to the Brazilian financial and capital markets association ANBIMA.