Foreign investors pull record R$18B from B3 in August, halving yearly net inflow

Foreign investors withdrew R$18 billion from Brazil's B3 stock exchange in August, the largest monthly outflow since the series began in January 2022, halving the year-to-date net inflow. The outflow signals deteriorating foreign appetite for Brazilian equities, likely driven by domestic political or economic uncertainty. The sustainability of remaining inflows is uncertain, and further outflows could pressure the real and local asset prices.