See the FIIs most recommended by analysts to invest in October – Money Times

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The post of real estate fund with more recommendations in the month it was divided. According to a survey by the Money Times, three FIIs had eight nominations each, with BTG Pactual Logística (BTLG11), o Kinea Real Estate Income (KNCR11) and the XP Malls (XPML11). They were consulted 16 portfolios from banks, brokers and analysis houses.

Second place, on the other hand, had no competition: the Bresco Logistics (BRCO11) appeared in the ranking with seven recommendations.

The selection, however, remains very similar to that of the September survey. This is because the market has suffered over the last month with the return of the monetary flat cycle on the radar. Contrary to August, the Real Estate Investment Funds index (Ifix) marked the worst month in the year 2024 and closed September with a drop of 2.58%.

According to analysts Felipe Miranda and Caio Nabuco de Araújo, who signed the Empiricus Research report, seasonality was also the main driver, since this is the period in which the annual budget is discussed, which has been an expensive issue for the Lula government.

Another point of attention, according to them, was the international scenario. Signs of slowdown in China and Europe and increased geopolitical tensions in the Middle East also did not help keep the market confident.

O Itaú BBA remember that inflation-indexed securities that offered IPCA +6.2% (Treasury IPCA+ 2035) at the end of August now, at the end of September, offer IPCA +6.39%. “This movement also significantly harms the performance of real estate funds.”

“For October, it is still possible to see an aversion to risk, mainly due to the government's lack of fiscal discipline, but the last quarter of the year normally sees a recovery. The average is a return of 4.8%”, according to Empiricus analysts.

The most recommended FIIs