Brasília – Foreign investment in shares traded in Brazil totalled US$ 9.705 billion in October, as informed today (24th) by the Brazilian Central Bank (BC). This is the highest monthly figure ever recorded since the BC started keeping track, in 1947.
The strong inflow of funds last month was influenced by the issuing of shares of the Santander Bank, and the bulk of it took place before the 2% Tax on Financial Operations involving foreign investment in the country’s financial market went into effect. The measure became effective as of October 20th.
Another record-high was attained in foreign investment in total share trading, i.e., shares traded domestically and abroad. The figure was US$ 14.449 billion in October.
As for American Depositary Receipts (ADR), a mechanism by which a Brazilian company can list its shares in the New York Stock Exchange, while keeping the shares deposited in a bank in Brazil, the total value was US$ 4.744 billion.
Investment in fixed income in Brazil this month totals US$ 1.975 billion.
*Translated by Gabriel Pomerancblum
