The Fiagros (Agro-Industrial Investment Funds) ended 2022 with assets of over R$ 10.34 billion. For the year, the jump in the industry’s net assets was to 544%, as shown by product statistics.
Expectations are that the Fiagros will continue attracting more and more investors this year and gain even more relevance, according to the Vice President of the Brazilian Association of Financial and Capital Market Entities (Anbima), Sergio Cutolo.
“The exponential growth of the Fiagros, which ended 2021 with net assets of R$ 1.6 billion, shows that this is a product with great potential. Our expectation is that it will continue to attract more investors this year and gain even more relevance,” says Sergio Cutolo.
Launched in mid-August 2021, the Fiagro is divided into three categories, they are: the Fiagros – FII, which invest in agribusiness real estate; the Fiagros-FIDC, which collect some credit rights from the agribusiness; and finally, the Fiagros-FIP, which invest in companies in the sector. Only the Fiagros-FII are available for retail.
-
The United States purchased for $125 million a ship that Shell used for drilling oil in the Arctic, spent another $25 million refurbishing it, and renamed it Storis because the largest economy on the planet can no longer build an icebreaker on its own.
-
The largest highway concession company in Brazil already belongs to an Italian group, and now the railway sector may be next to receive billions in investments from Italy amid the progress of the Mercosur and European Union agreement.
-
Work less and earn the same? PEC discussed by Lula and Hugo Motta affects the 6×1 schedule and reignites the debate on working hours, days off, and salary in Brazil.
-
Companies from Ceará generate billions and dominate Brazil without many people noticing, with giants born in the state such as Hapvida, Pague Menos, M. Dias Branco, and Três Corações totaling almost R$ 104 billion in revenue just in 2024.
According to the terms of net fundraising, this segment had a positive balance of over R$ 3.2 billion in 2022. More than half of this amount (R$ 1.69 billion) was raised in the last quarter of the year, with an even greater highlight for the month of October, where the net fundraising reached R$ 860.6 million.
Among the comparisons of the three categories of Fiagro, the standout was the Fiagros-FII, which recorded a positive net balance of R$ 2.67 billion in accumulations for the year. Next were the Fiagros-FIDC, with a balance of about R$ 513.9 million in 2022; and lastly, the Fiagros-FIP with R$ 19.2 million in balance.
The fund and account numbers that followed this upward movement: in December 2021, there were 13 Fiagros in the market and more than 14,000 accounts investing in the funds, while in December of last year, there were already over 43 Fiagros and more than 181,000 accounts.
These Fiagros were launched by the CVM with even an experimental regulation, following some rules from FIIs, FIDCs, and FIPs. The regulatory agenda of 2023 for the agency includes the publication of more specific norms for this segment.
“We are supporting the CVM in this process. Together with the market, we developed a proposal that was sent to the agency in October of last year. With a proper regulation that meets the characteristics of the product, it will certainly be possible to leverage them to their full effectiveness and potential,” declares Cutolo.

Be the first to react!