Brazilian fixed income
Explore Brazilian fixed-income opportunities, including floating-rate, fixed-rate and inflation-linked government securities.
- Tesouro Selic
- Tesouro Prefixado
- Tesouro IPCA+
- Other eligible fixed-income products
Brazil investment consultancy for UK residents
Explore opportunities in Brazil with informed, cross-border guidance
Master Services Europe Group helps UK residents understand investment opportunities in Brazil, from government bonds and listed companies to residential property.
Established in London in 2009, we combine international payment experience with practical knowledge of the Brazilian market.
- Established 2009
- UK registered company
- London registered office
- Company number 06884454
Information on this website is general and is not personal investment advice.
Investment areas
A diverse Brazilian investment landscape
Brazil offers access to government securities, major listed businesses, income-producing assets and regional property markets. Each opportunity carries different risks, time horizons, tax considerations and currency exposure.
Brazilian equities
Understand opportunities and risks across established companies listed on Brazil’s B3 exchange, including businesses in energy, banking, commodities and consumer markets.
Property investment
Evaluate residential property opportunities, local price trends, potential rental demand, acquisition costs and the practical requirements faced by overseas buyers.
Cross-border support
Understand the operational side of investing in Brazil, including currency conversion, documentation, account structures and coordination with qualified Brazilian professionals.
Tesouro Direto
Brazilian government bonds and higher nominal rates
Tesouro Direto is Brazil’s retail programme for investing in federal government securities. It includes floating-rate, fixed-rate and inflation-linked products with different maturities and risk profiles.
Tesouro Selic
A floating-rate government security linked primarily to Brazil’s Selic benchmark rate. It generally experiences less price volatility than longer-duration fixed-rate or inflation-linked bonds, although returns can still be affected by taxes, fees, market pricing and early redemption.
Tesouro Prefixado
A fixed-rate security whose contractual return is established at purchase when held until maturity and paid as scheduled. Selling before maturity can result in a gain or loss because the market price changes.
Tesouro IPCA+
An inflation-linked security combining Brazilian IPCA inflation with a fixed real rate. It may help protect purchasing power measured in Brazilian reais, but it does not protect a UK investor against depreciation of the real against sterling.
Central-bank benchmark rates as at June 2026. Bars are drawn on a 0–16% scale.
| Central bank benchmark | Rate (June 2026) | Source |
|---|---|---|
| Brazil — Selic target | 14.25% per year | Banco Central do Brasil |
| United Kingdom — Bank Rate | 3.75% per year | Bank of England |
| United States — federal-funds target | 3.50%–3.75% per year | Federal Reserve |
Listed companies
Brazilian companies: growth, income and market risk
Brazil’s public markets include internationally significant companies across energy, mining, banking, agriculture and consumer sectors. Share prices and dividends can be attractive, but they are variable and exposed to company-specific, commodity, political, market and currency risks.
The example below is included only to illustrate how a market has moved over a defined historical period. It is not advice and not a recommendation to buy. For advice relating to your own circumstances, please contact us.
Year-to-date change, 2 January to 10 September 2026
+59.95%
Nominal increase +R$18.41 in reais.
Start to end value
R$30.71 → R$49.12
2 January 2026 to 10 September 2026, 17:05 BRT.
Two verified observation points only. No intermediate daily prices are shown, because a full historical series has not been supplied.
| Observation | Value |
|---|---|
| 2 January 2026 | R$30.71 |
| 10 September 2026, 17:05 BRT | R$49.12 |
| Change over the period | +59.95% (+R$18.41) |
Market capitalisation shown
R$677.50 billion
As shown on 10 September 2026
Price/earnings ratio shown
4.75
As shown on 10 September 2026
52-week range
R$26.72 – R$49.60
Day open R$48.91, high R$49.60, low R$48.54
Shareholder distributions announced in 2026
Announced amount
R$9.3 billion
Distribution announced in relation to first-quarter 2026 results
Announced amount
R$17.4 billion
Distribution announced in relation to second-quarter 2026 results
Announced amount
R$26.7 billion
Combined amount announced across the first two quarters of 2026
Sources
- Folha de S.Paulo, August 2026 report on Petrobras distributions
- Petrobras Investor Relations — current shareholder-remuneration information
Figures on this website are dated. Please refer to Petrobras Investor Relations for the current position.
Residential property
Regional property opportunities
Brazil’s national property market includes significant regional differences. Local employment, tourism, infrastructure, housing supply, rental demand and financing conditions can produce very different outcomes from one city to another.
Brazil (nationwide) — Q1 2026
+5.62% year on year
+1.41% after inflation
Salvador — Q1 2026
+13.13% year on year
approximately +8.6% after inflation
Fortaleza — Q1 2026
+13.46% year on year
approximately +8.94% after inflation
Average gross apartment rental yield, Brazil — Q1 2026
approximately 5.71%
Gross yield before costs and taxes
Source: Global Property Guide, 2026 market analysis; figures are historical and may use different local datasets. Global Property Guide
| Market | Nominal | Real / note | Period |
|---|---|---|---|
| Brazil (nationwide) | +5.62% year on year | +1.41% after inflation | Q1 2026 |
| Salvador | +13.13% year on year | approximately +8.6% after inflation | Q1 2026 |
| Fortaleza | +13.46% year on year | approximately +8.94% after inflation | Q1 2026 |
| Average gross apartment rental yield, Brazil | approximately 5.71% | Gross yield before costs and taxes | Q1 2026 |
Property-consulting services
- 1Regional market research
- 2Property and neighbourhood comparison
- 3Acquisition-cost overview
- 4Rental-demand considerations
- 5Coordination with local agents
- 6Introductions to independent legal and tax professionals
- 7Documentation and cross-border payment considerations
We do not provide legal, tax, surveying or regulated mortgage advice. Independent qualified professionals are introduced where appropriate.
How we work
Practical guidance across two markets
Every enquiry begins with a conversation. We do not imply that every enquiry will receive a personal investment recommendation.
Introductory conversation
Understand the client’s objectives, experience, intended investment amount, time horizon and connection with Brazil.
Opportunity review
Explain relevant Brazilian markets, structures, practical requirements and principal risks.
Specialist coordination
Where required, coordinate or introduce appropriately qualified Brazilian brokers, banks, estate agents, lawyers, accountants or tax professionals.
Cross-border planning
Help the client understand documentation, currency conversion and operational considerations, subject to the company’s confirmed permissions.