Brazil's XP wants leadership in investments market within 7 years, says CEO

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Brazilian investment manager and broker XP Inc aspires to become a market leader in investments in up to seven years, its CEO Thiago Maffra said on Tuesday, ...

BRASILIA - Brazilian investment manager and broker XP Inc aspires to become a market leader in investments in up to seven years, its CEO Thiago Maffra said on Tuesday, acknowledging the challenging global landscape but highlighting the positive domestic macroeconomic situation.

"In good years, we gain 150 basis points of market share annually, and in more challenging times, such as rising interest rate cycles, we gain 60 bps," he said at a press conference. "We believe that within a 5-7 year horizon, we should be the market leader in investments." He acknowledged that the increase in long-term U.S. interest rates "might hinder short-term prospects," but expressed confidence that this does not alter the favorable outlook for Brazil in the years ahead.Want a stellar long-term investment you can buy and hold for a decade? Keep your eye on the prize as this stock offers all that and more. The post Enbridge Stock: Keep Your Eye on the Prize appeared first on The Motley Fool Canada.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines