Historical series Itaú’s Fund of Funds develops new infrastructure funds with active fixed income in partnership with independent managers
The products are part of the ‘RF Infra Total Return’ family and will initially be available exclusively to the bank’s clients.
August 2023 – Itaú Unibanco, through its Fund of Funds area, is now offering its investor clients the ‘RF Infra Total Return’ family, which features products with unprecedented characteristics in Brazil. The investment funds in this family were created by Itaú in partnership with the management companies Vinland, Absolute and Legacy. These funds differ from existing offerings because they bring together some of the allocations of incentivised private credit in infrastructure (a class exempt from income tax and with no commissions) and an amount of actively managed fixed income. The sources of funds can be in both the Brazilian and international markets.
The funds will initially be available exclusively to Itaú clients because of the partnership that conceptualised this initiative.
‘In this scenario of high interest rates and clients looking for funds with less volatility, we negotiated with three major assets in the market to have options with precisely this profile, bringing together the expertise of great fixed income and private credit professionals in a single product with active management and tax benefits,’ says Pedro Barbosa, head of the Fund of Funds area at Itaú Unibanco. ‘We have a long tradition of looking for new allocation opportunities to offer our clients. Whether it’s through the feasibility of distributing successful products that already exist – in Brazil and abroad – or formatting concepts and ideas from scratch that we believe can be developed in the market, as is the case with RF Infra Total Return. Our close relationship with the world’s leading managers and assets allows us to take a broad view of the market and to lead this innovation agenda,’ adds Barbosa.