By Brazil Stock Guide – BB Previdência, the pension fund of Banco do Brasil S.A. (BBAS3 BZ), surpassed the equivalent of about $2 billion in assets under management in December, reaching a record level as inflows and investment performance lifted total balances.
Assets rose 13% compared with the end of 2024, based on figures released on Thursday (18). The number of participants increased 7.36% through October, reaching 282,112 members, underscoring the steady expansion of the fund within Brazil’s closed pension system.
The fund posted a return of 10.15% for the period, outperforming its actuarial target of 7.18%. Over the past 10 years, the consolidated return of its pension plans reached 171.42%, above the actuarial benchmark of 148.40%, highlighting sustained long-term performance.
BB Previdência operates as a closed pension entity managing retirement plans for clients with ties to Banco do Brasil. It is separate from BrasilPrev, which provides open pension products to the broader retail market.entity managing retirement plans for clients with ties to Banco do Brasil. It operates separately from BrasilPrev, which provides open pension products to the broader retail market.
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