Drone delivery, pension funds target fixed income and what matters in the market

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Pension funds double down on fixed income

Considered one of the market leaders, pension funds started to prioritize fixed income assets in their investment strategies for 2022.

What explains: the cycle of high interest rates in Brazil made the yield on government bonds, one of the safest investments in the country, quite attractive.

As the entities have profitability targets to maintain the solvency of the benefit plans at around 4.5% per year, in addition to the variation in inflation, they have increased their exposure to these assets.

Why it matters: these funds manage approximately BRL 1.14 trillion in social security resources, which corresponds to about 14.1% of GDP. That’s why your strategies are important to the market.

With the appetite for risk down here and abroad, the directing of resources to fixed income, both in government bonds and in the issuance of debt from top-tier companies, is expected to increase in 2022.

More about the Scholarship:

As Méliuz’s shares melted, losing more than 70% of the value in six months, its controllers sold more than 5 million shares, according to documents to which the website Monitor do Mercado, by columnist Marcos de Vasconcellos, had access.

The company claims that the sales were made for strictly personal reasons and guarantees that the shares did not come out of the pocket of the chief executive or the chairman of his board of directors.

From ball to bag: learn about the trajectory of former soccer players who started to work as advisors in investment offices after retiring from the pitch.

Michael Viriato, from the blog De Grão, compared two strategies for applying BRL 100 thousand; see which one is best.

Bitcoin starts year with losses

Bitcoin reached its lowest price in six months on Saturday (22), when it reached US$ 35.127 (R$ 191,793), losing almost a quarter of its value in 2022.

A leaf had already shown that, after a positive 2021, when it accumulated gains of 75,83%, this year would be more challenging for crypto.

What explains:

• Currency squeeze: the prospect of rising interest rates in the US makes low-risk assets, such as US government bonds, more attractive, and ends up generating capital flight from riskier investments.
• Russia: The local central bank proposed on Thursday (20) a ban on all activities linked to cryptocurrencies in the country, which is one of the world’s largest centers for bitcoin mining. In September, China took a similar step.

More about digital assets:

Look up

Anac granted on Friday (21) the first authorization for delivery of products with drone in Brazil.

Understand: the release was given to the drone manufacturer and operator Speedbird Aero, a startup that has a partnership with iFood. The aircraft have defined departure and arrival locations, that is, they will not deliver to the door of the house. They can carry loads of up to 2.5 kg over a distance of 3 km.

iFood says it started the drone project two years ago and it will be treated as complementary to the delivery people’s work.

Why it matters: these aircraft can speed up deliveries by transporting parcels to locations further away from large cities and difficult to access, and can also be useful to e-commerce companies.

green shipping: Another point that counts in favor of the novelty is the reduction of carbon emission in the atmosphere, which fits into the ESG agenda of companies. The acronym comprises environmental, social and corporate governance commitments.

A thousand and one Utilities: startups are at the forefront in the use of drones for the most varied sectors of the Brazilian economy, such as leaf showed last year.

Some examples are the spraying of agricultural pesticides, the monitoring of large assets – such as transmission lines – and the inventory of large retailers’ stocks.

the return of stocks

In a reflection of the bottlenecks in supply chains caused by the effects of the pandemic, companies have returned to stockpiling their inputs.

Understand: the closure of ports and other important logistical links at the beginning of the pandemic created a knot in global supply chains. Everything became more expensive: starting with the containers used to transport inputs to the chips used in the production of cars and video games, for example.

The problem is not over yet, and companies have returned to stocking parts to avoid the risk of an order not being fulfilled due to lack of material to produce.

In numbers: in December, 83% of micro and small industries in São Paulo still reported high prices for raw materials, according to a Datafolha survey for Simpi (the sector’s union). For 51%, there was still a lack of product at the suppliers.

It’s gonna take a while: During a panel on the matter at the World Economic Forum on Thursday, the chief executive of logistics giant DP World bet that it would still take about two years for conditions to improve.

The impacts of the Omicron variant for the sector are not yet known, and the new strain could tighten the knot in the supply chain even further.

What else do you need to know

What’s next

IBGE:

• IPCA-15 (January) – Wednesday, 26

• Continuous Pnad (November) – Friday, 28

USA:

• Monetary policy decision – Wednesday, 26

• fourth quarter GDP – Thursday 27

Ministry of Labor and Welfare:

FGV: