It is no secret to investors that the monetary tightening policy adopted by the Central Bank (BC) in recent months has had a negative impact on variable income. This happens, among other things, because of the relationship between risk and return.
This Wednesday (21), however, the Monetary Policy Committee (Copom) of the BC decided to maintain the Selic rate at 13.75% per year, the highest level since January 2017. The maintenance took place after 12 hikes consecutive years since March last year, when it was at an all-time low of 2%.
Regarding the end of the cycle, the Copom said in a statement that “it will remain vigilant, assessing whether the strategy of maintaining the basic interest rate for a sufficiently long period will be able to ensure the convergence of inflation”.
Despite the high level of the Selic, in general, penalizing the variable income market, there are risk assets that benefit from the rise, such as real estate funds that have yields indexed to the basic interest rate. In other words, the higher the Selic, the greater the return of this FII class.
In addition, there are also real estate funds that use inflationary indicators in their contracts and that continue to pay dividends above the current interest rate.
In this context, Money Times separated 15 real estate funds with dividend yields above the Selic by 13.75%. The survey was made with data from TradeMap, closing on September 21 this year.
Check out 15 real estate funds with dividend returns above the Selic:
|Real Estate Fund||ticker||Return with dividends (12 months)|
|Riza Arctium Real Estate||ARCT11||18.03%|
|Urca Prime Income||URPR11||17.35%|
|Valora Hedge Fund||VGHF11||17.05%|
|AF Invest CRI||AFHI11||16.49%|
|Real Estate Receivables Cartesia||CACR11||16.45%|
|Reit Lobby Real Estate Receivables||ARRI11||16.37%|
|Valora CRI Price Index||VGIP11||16.35%|
|Nch Eqi High Yield Receivables||NCHB11||16.13%|
|Vectis Real Interest||VCJR11||15.91%|
|Polo Cred Imob||PORD11||15.78%|
|Devant Real Estate Receivables||DEVA11||15.60%|
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