Goodbye! 178 thousand customers leave Nubank after Americanas breach

Goodbye! 178 thousand customers leave Nubank after Americanas breach
Goodbye! 178 thousand customers leave Nubank after Americanas breach

THE No Immediate Booking it was not only affected by the financial crisis of the Americanas. After the announcement that Nubank’s fixed income clients were suffering losses, more than R$800 million were withdrawn from the fund. As a result, 178,400 shareholders stopped investing their amounts in fintech.

Read more: EVERYTHING you need to know about shopping online at Americanas.

The decision came after they faced a negative return of 0.75% in just one day, caused by the purchase of Americanas debt securities in Nubank’s investment portfolio. So, because the fund was sold as a secure “emergency reserve” option, many customers were appalled to see that they had lost money so quickly.

However, even with the departure of more than 178,000 shareholders, the fund is still the largest fixed income investment fund in Brazil, now with 1.1 million investors.

Number of redemptions exceeded the number of investments

In the most recent data released by fintech, the fund had BRL 793.6 million redeemed, against new investments of just BRL 265.1 million between January 16th and 19th. The fund’s equity fell from R$2.5 billion to just over R$2 billion in the same period, due to redemptions and losses caused by Americanas.

According to Nu Asset Management, Nubank’s fund manager, Nu Reserva Immediata “is in a position of financial solidity, with a relevant percentage in highly liquid assets to absorb impacts such as a specific event that affected hundreds of investment funds last week”.

In addition, the note released by the company also states that the fund is already showing recovery. Thus, positive values ​​have already been registered in the quotas of January 23rd.

However, shortly after the release of this note, Nubank informed that the text had a “biased panorama”, focusing only on one fund and ignoring more complete studies available on the market, which indicated the redemption of R$ 7.5 billion in several investment funds of a group of managers.

The article is in Portuguese

Tags: Goodbye thousand customers leave Nubank Americanas breach

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