B3 reaches 5 million accounts of individual investors in variable income

In January, B3 reached the mark of 5 million individuals with accounts opened in brokerage firms in Brazil to invest in variable income.

The number is divided between 1.2 million accounts for women and 3.8 million for men, while the number of unique CPFs is 4.2 million, since the same person can have an account in more than one brokerage.

According to the company, the increase in the number of accounts and CPFs follows the expressive growth of people in the capital market.

The most recent survey by B3, relating to the last quarter of 2021, points out that people’s first investments in variable income are being made with increasingly lower values: in December 2021, the median of the first investment was R$ 44, the lowest value observed since January 2014.

In addition, the survey shows a 994% increase in the number of CPFs in Share Deposit Certificates (BDRs), compared to the same period in 2020, in addition to a 150% increase in value in custody, reaching R$ 8 .8 billion.

“This demonstrates that the individual has an increasing appetite to access assets abroad through B3, in a safe way and without the need to send money remittances outside the country”, says B3.

The Exchange also recorded a 109% growth in the number of new investors in Index Funds (ETFs), reaching 500,000 investors in 2021.

In B3’s view, investment in shares remains robust, with an increase of approximately 30% in the period, reaching 3.1 million CPFs.

“This movement reinforces a trend that had been forming since 2020, when interest rate drops attracted more people to variable income. Even with the successive increases in the Selic rate since last year, individuals have been maintaining positions in variable income and diversification in their portfolios”, says the company.

“The capital market has become part of Brazilian savings. As individuals get to know the market and understand how it can help achieve each of their goals, they feel more confident to continue making investments in a more diversified way”, says Felipe Paiva, Director of Customer and Individual Relations. of B3, in note.

2021 portrait

In the last 12 months, B3 recorded an increase of 1.5 million individual investors in the capital market, a growth of 56% compared to December 2020.

According to the company, investors who have any variable income product already represent 32% of the total number of individuals – including fixed income and variable income – at B3.

In addition, the 4.2 million individual investors ended December 2021 with a total of BRL 501 billion in the Brazilian market, an increase of 9% compared to the same period in 2020.

The total number of individuals on B3, which includes both fixed and variable income, reached 13.1 million, a growth of 23% compared to December 2020.

Diversification

In the last quarter of 2021, B3 points out that the number of investors with products other than stocks grew even more. In 2016, three out of four individuals (75%) held only shares.

In 2021, this percentage was 35%. “This demonstrates that investors are experimenting more with the capital market and diversifying their investments”, comments Paiva.

Diversification is reflected not only in the variety of products, but also in the number of tickers in the portfolios. In 2016, 21% of individual investors had more than 5 assets in their portfolio. By 2021, that number had risen to 37%.

In addition, when analyzing the level of diversification by range of balance in custody, the survey showed that, in balances of up to R$ 10 thousand, more than half of the base (52%) has more than one asset in their portfolio.

New crop of investors

B3 points out that the evolution of individuals in variable income has taken a big leap since 2019. It was during this period that 81% of new investors entered the Brazilian Stock Exchange. On the other hand, most of the stock (66%) is concentrated in older investors, who entered before 2016.

“In a way, this is not a surprise, as older investors have more time to accumulate their investments, which makes them hold the largest financial volume. In addition, it is important to reinforce that new investors contribute smaller amounts and constantly”, emphasizes Paiva.

The initial entry values ​​caught the company’s attention in the last quarter of 2021. In January 2021, individuals started their investments with values ​​around R$ 1,500.

At the end of the year, new investors made initial allocations starting at R$44, the lowest value observed since January 2014, while the median balance in the portfolio is around R$3,000.

fixed income

In the Treasury Direct, the increase was 11% in the stock compared to the same period in 2020, reaching R$ 76.7 billion. In addition, in December 2021, the number of unique investors in TD modalities reached 1.8 million, a growth of 26% compared to the approximately 1.6 million registered at the end of 2020.

Regarding investments in products such as CDB, RDB, LC, LCI, LCA, CRA, CRI, debentures, Commercial Notes and Mortgage Notes, B3 reached 10.1 million individuals in December 2021. Compared to the end of 2020 , there was a 17% increase in the number of investors, as the exchange registered 8.7 million CPFs at the time.

The balance of these investors increased 24%, from BRL 843.6 billion in December 2020 to BRL 1,046.1 billion in the same month of 2021.

The Bank Deposit Certificate (CDB) is the main fixed income product in the portfolio of individuals. There are 7.2 million individuals in CDBs and a balance of R$ 490.2 billion. Compared to the end of 2020, there is an 18% increase in individuals using the product.

Bank Deposit Receipts (RDBs) are in second place in the individual investor’s taste for fixed income products, with 2.4 million CPFs.

Following are products exempt from income tax and which usually offer higher yields than savings: Real Estate Credit Letters (LCIs), with 1 million individuals, and Agribusiness Letters of Credit (LCAs), with 700,000 investors. .

The complete study on individual investors is available on the B3 website, in this link