Fundo ARCA Grão do Primo Rico vale a pena? Comparativo com fundo Global Return (Vítreo / Empiricus)

Summary

In this video, Otávio Paranhos analyzes the Arca Grão Fund by Thiago Nigro and compares it with the Vítreo Global Retirement Fund. He examines the structure, fees, performance, and risk levels of both funds, highlighting the advantages of global diversification offered by the Vítreo Fund. While the Arca Grão Fund is a better option than most Brazilian funds, it is less optimal compared to the Vítreo Fund due to its higher fees and limited international exposure. Otávio concludes that for most investors, the Vítreo Global Fund offers superior returns, lower costs, and greater stability.

Takeaways

• 😀 The Arca Grão fund, developed by Thiago Nigro, is inspired by Ray Dalio's All Weather portfolio, dividing assets into categories like real estate, fixed income, international assets, and local businesses.
• 😀 Arca Grão fund aims to offer better investment options compared to many overpriced and underperforming funds available in Brazil, though it still has limitations, particularly in its international exposure.
• 😀 The Vitreo Global Previdência fund, by contrast, has a more global approach, with 40% allocated to international stocks and a better potential for diversification and rebalance.
• 😀 One of the major criticisms of the Arca Grão fund is its relatively small allocation (20%) in international assets, which limits its performance compared to a more global strategy.
• 😀 Otávio Paranhos emphasizes that investing in passive funds with lower administration fees is often more beneficial than actively managed funds, especially in Brazil where active funds tend to have high fees.
• 😀 The global strategy of the Vitreo Global Previdência fund tends to benefit from the dollar's appreciation, giving it a better potential for growth in the long term compared to locally focused funds.
• 😀 The backtest performance of the Vitreo Global Previdência fund has been better due to its global diversification and more efficient rebalance, compared to the Arca Grão fund which is more exposed to the Brazilian economy.
• 😀 While the Arca Grão fund has a 40% allocation to fixed income, including active management of bonds, this still results in relatively high management fees for its investors.
• 😀 Otávio shares that for short-term goals, like buying property or a car, investing in Brazilian fixed-income products makes sense as it avoids currency risk, but for long-term goals like retirement, global diversification is crucial.
• 😀 Overall, Otávio prefers to invest directly in international assets via platforms like Interactors for better control and cost-efficiency, as he finds the Arca Grão fund lacks the necessary global diversification.

Q & A

What is the Arca Grão fund and who is behind it?

The Arca Grão fund is an investment fund launched by Thiago Nigro, also known as 'Primo Rico'. It follows a diversified investment strategy based on risk categories and aims to help individuals build a retirement portfolio in Brazil. Thiago Nigro is a prominent figure in financial education and has designed the fund with the goal of providing a more structured investment option compared to traditional Brazilian funds.

What is the 'All Weather' portfolio, and how does it relate to the Arca Grão fund?

The 'All Weather' portfolio is a risk-balanced investment strategy created by Ray Dalio, which divides investments into four categories: real estate, fixed income, international assets, and local business stocks. The Arca Grão fund is inspired by this strategy, but it deviates in terms of specific allocation and investment approach, focusing more on local investments and having limited exposure to international markets.

What is the core investment philosophy behind the Arca Grão fund?

The Arca Grão fund is based on a diversified approach that aims to balance risk across different asset classes, such as real estate, fixed income, local equities, and international assets. The goal is to minimize volatility and enhance the stability of returns, especially when rebalanced in response to changing economic conditions like inflation or economic growth.

Why does the Arca Grão fund focus heavily on local investments?

The Arca Grão fund has a strong emphasis on local investments, with 30% allocated to Brazilian equities and real estate. This focus on the local market is partly due to regulatory restrictions, which limit how much can be invested abroad by retail investors. Additionally, the fund’s structure and market conditions in Brazil shape this allocation.

What are the key benefits and limitations of investing in the Arca Grão fund?

The key benefits of the Arca Grão fund include its relatively lower fees compared to traditional Brazilian pension funds and its improved performance compared to many other funds in the Brazilian market. However, its limitation lies in its limited international exposure, which reduces its potential for global diversification and currency hedging.

How does the Arca Grão fund compare to the Vitreo Global fund?

The Vitreo Global fund is more globally diversified, with 40% of its portfolio invested in international assets, including global equities and fixed income. This gives it a greater potential for diversification and protection against the volatility of the Brazilian real. In contrast, the Arca Grão fund has only 20% allocated to international assets, which limits its global diversification.

What is the performance of the Arca Grão fund compared to the Ibovespa?

The performance of the Arca Grão fund is generally better than the Ibovespa, particularly in terms of reducing losses during market downturns. While the Ibovespa has experienced significant declines, the Arca Grão fund has been less volatile, offering more stability for long-term investors.

Why is the Vitreo Global fund considered to have better potential for gains?

The Vitreo Global fund is considered to have better potential for gains because of its higher exposure to global markets, particularly the US dollar, which has a negative correlation with the Brazilian real. This strategy offers better opportunities for rebalancing and higher returns due to the diversification across different international markets.

What are the fees associated with the Arca Grão fund?

The Arca Grão fund charges an annual management fee of 0.59%, which is relatively low compared to other traditional Brazilian funds. However, some additional indirect fees might apply due to the inclusion of other active funds within its portfolio. These additional fees may still make the overall cost of the fund higher compared to passive investment options.

What is the recommended strategy for retirement investing according to the speaker?

The speaker recommends focusing on low-fee, global investment strategies that allow for greater diversification, such as the Vitreo Global fund, which offers exposure to international markets and a better rebalancing potential. The speaker personally prefers investing directly in international assets through brokers for higher control and potentially lower costs.