HIX Capital shuns retail, targets long-term financial stocks to triple capital

Brazilian asset manager HIX Capital is deliberately avoiding retail-sector equities due to constrained consumer budgets, instead concentrating on financial-market companies with a long-term horizon. The strategy aims to triple capital, reflecting a defensive tilt amid weak domestic consumption. The move signals a bearish view on Brazilian retail and a preference for financials, though specific holdings and timeline remain undisclosed.

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