Five Real Estate Funds Recommended for July

Real Estate Funds have stood out as a promising investment option, especially in times of economic uncertainty.

In this article, we will explore the five most recommended FIIs for July, including BTG Pactual Logística (BTLG11) and Bresco (BRCO11).

We will analyze the impact of high interest rates, the importance of monitoring defaults in credit FIIs and Fiagros, and how geopolitical factors can influence the market.

We will also discuss the recent record high of the IFIX and the outlook for Selic cuts, considering the implications of the 2026 elections.

Recommended FIIs for July

The five most recommended real estate funds for July stand out in a challenging economic scenario marked by high interest rates of 15% per year.

These funds stand out for their resilience and growth potential, even in times of economic adversity.

Real estate funds BTG Pactual Logistics (BTLG11) It is Bresco (BRCO11) lead the nominations.

BTG Pactual Logistics benefits from its exposure to the logistics segment, a vital area in times of digital transformation and the rise of e-commerce.

This feature ensures a stable cash flow that is less susceptible to economic fluctuations.

A Bresco (BRCO11) is also an attractive choice, focused on logistics with a high-quality portfolio.

Investors consider these characteristics essential for safe investments in uncertain scenarios.

In addition to these, other recommended FIIs include:

• Hedge Top
• XP Malls
• KNCR11

Finally, monitoring defaults in credit FIIs is crucial.

Geopolitical factors influence, but future cuts in the Selic rate could revitalize the sector.

High interest rate scenario: Selic at 15%

Brazil is facing a challenging scenario, with the Selic rate reaching 15% per year, which has put pressure on the cost of capital and impacted several sectors of the economy.

This increase in interest rates reflects an attempt by the Central Bank to contain inflation, but it also has significant consequences for the evaluation and pricing of Real Estate Investment Funds (FIIs).

With the rise in credit prices, there is concern about default rates and the performance of real estate assets, requiring increased attention from investors.

Immediate effects on income

The increase in the Selic rate to 15% per year directly impacts cash flow and market value of Real Estate Funds (FIIs).

In the short term, paper FIIs, backed by fixed income securities, may see an increase in dividend yield due to the higher yield of assets indexed to Selic, as explained in Selic rate increase to 15%.

However, brick-and-mortar FIIs face downward pressure on their mark-to-market, as the attractiveness of safer fixed-income investments grows, reducing demand for real estate.

This dynamic not only reduces the market value of FIIs, but also puts pressure on investors to reevaluate their strategies.

Furthermore, it is crucial to monitor defaults, especially in Credit FIIs, which may become more volatile in this high interest rate scenario, as discussed in Impacts of Selic on real estate funds.

This combination of factors transforms the economic environment, requiring investors to pay attention to their allocations and profitability expectations.

Allocation strategies in high interest rates

Investors in FIIs must optimize their strategies when Selic is high, targeting tactics that involve diversification and risk management.

First, a meticulous analysis of the sectors and types of FIIs is essential.

Logistics funds, such as BTG Pactual Logistics, often show robustness in volatile scenarios with high interest rates.

Additionally, considering a mixed portfolio that combines brick and paper FIIs can be vital to balancing risks and returns.

Monitoring fund defaults, especially credit and Fiagro funds, is crucial, as future cuts in the Selic rate will depend on macroeconomic and political factors that shape the economic landscape.

Always maintain a prudent posture, planning each investment focusing on the medium and long term, especially in uncertain scenarios.

Default in Credit FIIs and Fiagros

Monitor the default in credit FIIs and Fiagros in the next semester becomes crucial given the scenario of high interest rates.

The recent increase in the Selic rate to 15% per year puts pressure on debtors' ability to pay, which requires extra attention in credit-linked investments.

Improved monitoring can prevent unpleasant surprises, especially in volatile markets.

Investors should focus on effective management practices and closely monitor relevant indicators, such as default rates, in order to protect your assets.

Within this context, the following table provides a concise overview of key indicators and suggested actions:

Important alert: The imminent threat of default may exacerbate “unconventional” risks in structured credit operations.

Therefore, a continuous surveillance and critical analysis become more than essential to maintain the security of credit investments.

Be aware of possible impacts from external factors, such as geopolitics.

Learn more about security mechanisms

Geopolitical risks and the FIIs market

Geopolitical influences In the 2024 scenario, geopolitical instability emerges as a crucial factor for Real Estate Investment Funds (FIIs) in Brazil.

International tensions, such as conflicts in the Middle East and political uncertainty in major economies, directly influence investor confidence.

According to the ANBIMA, geopolitical uncertainties and volatility determine the “new normal” for global interest rates, affecting emerging markets like Brazil.

Exchange rate variations Exchange rate fluctuations, driven by geopolitical and economic movements, affect the performance of FIIs by impacting contracts and asset revaluations.

This scenario leads to possible adjustments in fund prices, requiring constant monitoring by investors.

Foreign elections Political decisions in developed countries also have significant repercussions.

For example, elections in the United States can change fiscal and monetary policies, influencing capital flows and, consequently, FIIs.

Therefore, Brazilian investors need to be aware of this global scenario, adapting your strategies to protect your investments.

IFIX at record high and post-2026 outlook

IFIX reached an all-time high of 3.483,77 points, highlighting the growing interest in real estate funds even with the challenging economic scenario.

One factor to be observed is the increase in the Selic rate in 15% per year, which could initially discourage investors due to the increased cost of capital.

However, in the medium term, cuts in the Selic rate, projected for after 2026, when the electoral climate could influence economic policies, could significantly benefit FIIs.

Relevant note that the possible change in government in 2026 could directly impact the country's monetary policy, generating a low interest rate environment that favors funds.

Second current projections, the cycle of cuts should begin in 2026.

Therefore, given this context, we analyze future scenarios:

• Potential cuts in the Selic rate could raise the prices of FIIs with greater demand.
• Changes in fiscal policy may increase the volatility of interest rates and FIIs.
• The real estate market could benefit from post-election political stabilization.

These factors highlight the importance of continuously monitoring the scenario to capture opportunities for appreciation and mitigate risks.

IFIX's record should not be seen in isolation, but as part of a broader scenario that involves both future challenges and opportunities.

In summary, the current scenario for Real Estate Funds presents opportunities and challenges that must be carefully evaluated.

With attention focused on changes in interest rates and the economic situation, investors may find promising avenues in the real estate market.