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SP Av. Brig. Faria Lima, 3144
11th Floor, Itaim Bibi
Zip Code: 01451-000
São Paulo/SP / Brazil
+55 11 3956-0600

RJ Av. Ataulfo de Paiva, 1235
4th Floor, Leblon
Zip Code: 22.440-034
Rio de Janeiro/RJ / Brazil
+55 21 2042-4213

atendimento@kapitalo.com.br
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Cartas temáticas

THEMATIC
LETTERS

Our thematic letters explore the essence of Kapitalo, our investment philosophy, and how we think about the market.

Published periodically, they reflect our approach, culture, and long-term vision — and share the principles that guide our work and pursuit of excellence.

Supercores de Inflação

Carlos Vianna de Carvalho

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MANAGER LETTERS

Carlos Vianna de Carvalho

Supercores de Inflação

Supercores de Inflação

Beta e a Seleção de Fundos

Hegler Horta, Bruno Mauad e Fernando Lisboa

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MANAGER LETTERS

Hegler Horta, Bruno Mauad e Fernando Lisboa

Beta e a Seleção de Fundos

Beta e a Seleção de Fundos

Reputação

Daniel Correa

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MANAGER LETTERS

Daniel Correa

Reputação

Reputação

Processo de investimento

Cristiano Maroja e Rafael Mendes

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MANAGER LETTERS

Cristiano Maroja e Rafael Mendes

Processo de investimento

Processo de investimento

Comportamento Econômico

Nuno Sampaio

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MANAGER LETTERS

Nuno Sampaio

Comportamento Econômico

Comportamento Econômico

Capacity

Carlos Woelz

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MANAGER LETTERS

Carlos Woelz

Capacity

Capacity
SP Av. Brig. Faria Lima, 3144
10th and 11th Floors, Itaim Bibi
ZIP Code: 01451-000
São Paulo/SP
Brazil
+55 11 3956-0600
RJ Av. Ataulfo de Paiva, 1235
4th Floor, Leblon
ZIP Code: 22440-034
Rio de Janeiro/RJ
Brazil
+55 21 2042-4213

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    This website was prepared jointly by Kapitalo Investimentos Ltda. and Kapitalo Nexo Gestão de Recursos Ltda. (referred jointly as “Kapitalo Entities”). This material may not be reproduced, copied, or distributed without Kapitalo Entities’ authorization, which are not liable in the event of errors in assessments and omissions. The information contained herein is merely for informative purposes and does not constitute any type of investment advice, solicitation, offer, or recommendation for the purchase or sale of securities. Kapitalo Entities do not sell or distribute shares of investment funds. Investment in funds is not guaranteed by the fiduciary administrator, the investment manager, any insurance mechanism, or the Credit Guarantor Fund (Fundo Garantidor de Crédito – FGC). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE PERFORMANCE. THE PERFORMANCE PRESENTED HEREIN IS NOT EXEMPT OF TAXES OR EXIT FEES. THE VOLATILITY PRESENTED IS NOT EXEMPT OF FEES. READ THE FUND’S SUMMARY (LÂMINA DE INFORMAÇÕES ESSENCIAIS), IF AVAILABLE, AND THE BYLAWS PRIOR TO MAKING ANY INVESTMENT. Investors must be prepared to accept the risks inherent to the various markets in which the funds operate, including fluctuations in the invested capital. The investment strategies presented may involve significant concentration in assets from a few issuers, foreign investments, and the use of derivatives as an integral part of their investment policies, which may lead to significant financial losses for investors, including losses exceeding the invested capital. Financial assets held by the funds may not possess immediate liquidity; as such, terms and/or yields may vary according to the maturity or redemption period of each asset in the event of early secondary market trading. There is no guarantee that multimarket funds will achieve the intended tax treatment, whether categorized as Long-Term or Equity. The managers, their officers, partners, and employees shall not be held liable for the accidental publication of incorrect information and are exempt from liability for any damages resulting directly or indirectly from the use of the information contained herein. It is recommended that investors consult investment advisors and specialized professionals before making any decisions. For more information, please refer to the funds’ documents available with their respective fiduciary administrators: BEM Distribuidora de Títulos e Valores Mobiliários Ltda., with the website https://bemdtvm.bradesco/; BTG Pactual Serviços Financeiros S.A. DTVM, with the website https://www.btgpactual.com/; and INTRAG Distribuidora de Títulos e Valores Mobiliários Ltda., with the website https://www.intrag.com.br/. Supervision and Oversight: Securities and Exchange Commission (Comissão de Valores Mobiliários - CVM).