Nunes & Andrade de Lima: Investments of Brazilians' Pension Funds


The economic world has changed dramatically since the big crisis in 2008. The damages caused by this event were numerous and took different impacts around the world. This new context could bring to Brazilians’ pension funds a different asset allocation. This paper tries to show the Brazilians’ pension funds asset allocation and the characteristics of this system with crossing data to many bibliographic research sources. The data collected and analyzed demonstrate that, in spite of last depression, the Brazilian’s pension funds still hold a very conservative asset allocation and have a powerful amount of resources when we compare with GDP.


Available for download here.