BINC11: Tudo sobre o FI-Infra da Bradesco Asset

Subscribe to Clube FII: https://www.clubefii.com.br/planos_as... In this Clube FII interview, Felipe Ribeiro, Director of Alternative Investments at Clube FII, and Thiago Otuki, partner and economist at Clube FII, welcome Guilherme Guntovitch and Gabriel Martins, both Infrastructure Managers at Bradesco Asset, for a conversation about BINC11, infrastructure funds, private credit, and incentivized debentures. The episode explains how the infrastructure credit market works, the importance of mark-to-market valuation, the role of the secondary market, and how credit spreads affect fund performance. The differences between buying debentures directly as an individual and investing through a professionally managed infrastructure fund are also discussed. The conversation also addresses the importance of diversification in credit portfolios, risk-return analysis, the caution of focusing solely on dividend yield, and the relevance of monitoring the fund's net asset value per share. Among the sectors analyzed are highways, sanitation, energy, and other regulated segments, with commentary on concession contracts, demand risk, guarantees, infrastructure projects, and issuer assessment.