Fitch Ratings on Jan. 3 published Bradesco Asset Management SA Distribuidora de Títulos e Valores Mobiliários' investment management quality rating at "Excellent," with a stable outlook.
According to Fitch, the rating reflects Bradesco Asset Management's very strong investment capabilities and operational characteristics in line with its investment strategies. It also mirrors the asset manager's well-established and disciplined investment process, highly qualified and experienced team, robust risk and compliance policies as well as strong technology investments.
The rating also reflects the asset manager's high market share, strong revenue generation, diversification of products and investors, and broad distribution channels, Fitch said.
Furthermore, the rating considers the asset manager's major shareholder, Banco Bradesco SA.