Brazil COE market marks fifth anniversary with over US$4 billion AUM

The Brazilian structured notes (COE) market completed five years in January with an outstanding volume of R$17 billion (US$4.48 billion) registered at the end of 2018, according to data from Brazilian stock exchange operator B3. The exchange has reported that throughout 2018, emissions reached R$10.9 billion, with 15 banks and 21 brokerage firms active in the period. According to the exchange, 91% of the investors purchasing these products were individual retail investors and 8% were legal enti