Webinar “Conversation with Vexty”: Investment Performance in 2022

*The net profitability of the Profiles considers deduction of the funding expenses and the result of the participants’ loans

We remind you that Investment Profiles are investment portfolios structured with various combinations among Asset Classes, which are, in turn, investment categories, defined in Vexty’s Investment Policy, with similar characteristics, facilitating the organization, management, control, and evaluation of results.

In 2022, the eight Asset Classes managed by Vexty presented the following performances compared to their respectiveBenchmarks:

Vexty’s Investment Profiles model

The Target Date Funds model adopted by Vexty has proven to be resilient and consistent with its objective: to preserve the equity in the Short-Term Profile and allow for higher expected returns in the long term (but with higher expected volatility) in the Target Date Profiles, while respecting the risk limits of each Asset Class.

When we analyze the chart below, it is possible to observe the behavior of the Profiles since January 2020, when they were implemented from Profile 2035 onwards and the performance of some market indicators. It is interesting to point out that in this window of time, we had the Pandemic, presidential elections in Brazil, armed conflict between Russia and Ukraine, and rising inflation and interest rates around the world. These factors may explain the underperformance of risk assets, especially when compared to the CDI.

The chart below shows the performance of the Short Term, 2025 and 2030 profiles since May 2014, when these Profiles were created.

The Short-Term Profile outperformed the IPCA and was practically in line with the accumulated CDI in the period. The other two Profiles showed profitability well above the IPCA and the CDI, responding well to the positions in the other Asset Classes and to our strategy of structured diversification and active management in each class, focused on exceeding their respective benchmarks. Perfil 2030 outperformed Ibovespa well in the period, even with a lower risk level, mainly due to the diversification of its allocations.

In the Webinar “Conversation with Vexty”, held this month, we detailed a little more about the performance in different time windows of the Investment Profiles managed by us. For those who have not yet attended the event, it is worth checking it out. Click here and watch.

Indicators:

– CDI (Interbank Deposit Certificate) is the reference interest rate for financial operations (mainly short term).

– Barclays Gbl Agg is an indicator calculated by Bloomberg that measures the price behavior of investment-grade debt securities in 24 currencies.

– IMA-B 5+ is an index calculated by Anbima, which reflects the performance of Government Bonds linked to the IPCA with maturity over 5 years.

– IFMM-A is an index calculated by BTG bank, which measures the behavior of Multimarket Investment Funds in Brazil.

– IBOV (Ibovespa) is the index that measures the performance of the shares of companies with high trading volume on B3, the official Brazilian stock exchange.

– IMA-B is an index calculated by Anbima, which reflects the performance of Government Bonds pegged to the IPCA, regardless of maturity.