Brazil has been consolidating its position in Latin America as the region's largest investment fund industry. With over 100 fund managers, and assets amounting to R$238 billion (US$132.4 billion), the industry has already recorded growth of R$25.6 billion or 12 percent this year alone, with nearly half of that total corresponding to the net inflow of investment for the period, according to data provided by the National Association of Investment Banks.

The sector gained strength over the past decade, following the reform that put an end to commodity funds which generated daily profitability and were merely seen as overnight funds, in which the investor's main goal was to protect himself from inflation rather than obtain a return.

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