Tag Archives: Brazil
Measuring USD Leveraged Loans for the Brazilian Market
The author would like to thank Sofia Lozada for her contributions to this blog. Introduction: The Challenge Brazilian institutional investors are increasingly looking beyond domestic markets in search of income. With local yields subject to monetary policy cycles and a concentrated domestic credit universe, global fixed income could offer diversification. Instruments with different risk drivers,…
- Categories Fixed Income
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Introducing the S&P/B3 VIX Futures Index: A New Benchmark for Brazilian Equity Market Volatility
As Brazil’s capital markets continue to mature, market participants now have access to a new tool for measuring and tracking volatility: the S&P/B3 VIX® Futures Index. Launched on May 25, 2026, this index represents a significant addition to the S&P/B3 Futures Indices and a meaningful step forward for the theme of volatility in Brazil. What…
- Categories Multi-Asset
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- Multi-Asset
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Navigating Brazil’s Currency Volatility with USD Credit
Brazil’s fixed income market is one of the deepest in emerging markets, with an outstanding government debt of over BRL 8 trillion (roughly 75% of GDP) and a corporate bond market dominated by floating-rate instruments tied to the interbank deposit certificate (CDI). Domestic market participants are accustomed to high nominal yields; local treasury bills linked…
- Categories Fixed Income
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The S&P 500 Futures Quanto USD-BRL Currency Adjusted Index: Measuring Currency Exchange Risk and Interest Rates in Brazil
In order for a Brazilian market participant to track the S&P 500® through equity index futures, they must first convert Brazilian reais to U.S. dollars and then use U.S. dollars to enter a position in equity futures. This transaction involves two sources of risk: equity risk and currency exchange risk. To address the currency exchange risk…
- Categories Equities
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- Equities
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What Makes the S&P/B3 Ingenius Index Different?
See how the S&P/B3 Ingenius Index provides the Brazilian market with a dynamic lens for tracking global innovation.
- Categories Equities
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A Hidden Stairway to Net Zero
“Yes, there are two paths you can go by, but in the long run There’s still time to change the road you’re on.” —Jimmy Page and Robert Plant Many observers assume indices targeting broad ESG performance follow different paths than those delivering climate-focused temperature alignment. In reality, data show that modern indices can often achieve…
- Categories Sustainability
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