Brazilian investment manager and broker XP Inc aspires to become a market leader in investments in up to seven years, its CEO Thiago Maffra said on Tuesday, ...
BRASILIA - Brazilian investment manager and broker XP Inc aspires to become a market leader in investments in up to seven years, its CEO Thiago Maffra said on Tuesday, acknowledging the challenging global landscape but highlighting the positive domestic macroeconomic situation.
"In good years, we gain 150 basis points of market share annually, and in more challenging times, such as rising interest rate cycles, we gain 60 bps," he said at a press conference. "We believe that within a 5-7 year horizon, we should be the market leader in investments." He acknowledged that the increase in long-term U.S. interest rates "might hinder short-term prospects," but expressed confidence that this does not alter the favorable outlook for Brazil in the years ahead.Want a stellar long-term investment you can buy and hold for a decade? Keep your eye on the prize as this stock offers all that and more. The post Enbridge Stock: Keep Your Eye on the Prize appeared first on The Motley Fool Canada.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brazil's Light taps regulation director to replace CEO -reportExplore stories from Atlantic Canada.
Read more »
Goldman Sachs lifts Europe Inc's 2023 profit growth forecast to 3%Explore stories from Atlantic Canada.
Read more »
UN Security Council meets to vote on rival Russian and Brazilian resolutions on Israel-Hamas warUN Security Council to vote on competing resolutions proposed by Russia, Brazil to deal with Israel-Hamas war
Read more »
Wealth Manager Mirabaud Plans to Triple Brazil Assets in Two YearsSwiss wealth manager Mirabaud plans to triple the amount of money it manages in Brazil in the next two years as it grows its presence in Latin America’s biggest economy.
Read more »
Brazil central bank director cites consensus on 50 bp rate cut pace going forwardExplore stories from Atlantic Canada.
Read more »
Canadian triathlete Paquet wins World Cup gold in BrazilBRASÍLIA, Brazil — Canadian Charles Paquet won a bronze medal at the inaugural World Triathlon Cup event in Brasilia on Sunday. Paquet, of Port Cartier, Que., secured his first-ever World Cup podium finish with a time of 1:48:36 in the challenging 1.
Read more »