In 2020, most of the assets suffered from the COVID pandemic. It affected everyone. Fixed-income investments led to a fall in income, with the Selic rate at the lowest level in history, at 2% per year. The stock market felt the losses of six “circuits breakers” (when the stock market fell after 10%) in just eight trading sessions, early in the pandemic, and it took a long time to recover from the blow. The real estate segment saw the damage caused by the crisis when several funds suspended or reduced dividends.
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