BTG Pactual Brazil investment recommendations

In early August 2026, BTG Pactual updated its portfolio guidance for Brazilian investors. On August 3, the bank added 17 real‑estate investment funds targeting a 12.5% weighted dividend yield and reduced exposure to KNIP11 while increasing HGLG11, citing a recent asset‑sale that could raise future distributions. It also refreshed its small‑cap stock list, swapping out Marcopolo for OceanPact and retaining holdings such as Copasa, Banco Inter, Smart Fit, and others, reflecting expectations of strong second‑quarter results and pending legal and merger developments.

Two days later, on August 5, the focus broadened to fixed‑income assets. InfoMoney released a beginner‑friendly guide to Brazil’s Tesouro Direto program, outlining the differences among Selic, Prefixado and IPCA+ bonds. Concurrently, BTG Pactual published a recommended portfolio of seven inflation‑beating, tax‑exempt fixed‑income securities, including debentures from Autopista Litoral Sul, Equatorial Goiás, Metrô Rio and Rialma, as well as CRA instruments. The bank removed a Brava Energia debenture due to limited supply but maintained a positive outlook on the remaining picks. Together, the snapshots illustrate BTG Pactual’s ongoing effort to provide updated, multi‑asset investment recommendations for the Brazilian market.