Fiagros reach R$934,6 million in emissions in the second quarter of 2024

The Fiagros (Investment Funds in Agro-industrial Chains) registered R$ 934,6 million in issuance volume between April and June this year, an increase of 118,8% compared to the previous quarter, according to Anbima (Brazilian Association of Entities Financial and Capital Markets). Compared to the same period last year, there was a drop of 36,4%.

18 public offerings were carried out in the second quarter, 15 of them from Fiagro-FIDC (Credit Rights Investment Funds) and three from Fiagro-FII (Real Estate Funds).

The main subscribers were individuals (44,6%), followed by institutional investors (22,9%) and investment funds (19,1%).

Net capture

Fiagros' net funding (difference between contributions and redemptions) reached R$210,2 million in the second quarter, a reduction of 60,5% compared to January and March of this year. Despite the drop, June was the tenth consecutive month that Fiagros showed positive uptake.

Fiagros-FIDC led funding in the second quarter, with R$93,3 million. The Fiagros-FIP (Participation Investment Funds) came next, with R$61,8 million, while the Fiagros-FII totaled R$55,1 million.

Net worth

The Fiagros industry continues to grow and accumulated net worth reached R$39,4 billion in June. The Fiagro-FII category is the most representative, accounting for a share of 44,4% of the total, with Fiagro-FIP and Fiagro-FIDC coming next, with 43,4% and 12,2%, respectively. The number of funds reached 110 and the number of accounts reached 749 thousand.