Brazilian pension fund Valia targets 30% base growth, 200k participants by 2028

Valia, a Brazilian corporate pension fund, announced plans to expand its participant base by 30% to over 200,000 by 2028, from 150,000 currently. The fund manages R$34 billion in assets and serves 60 corporate clients. This signals growth ambitions in Brazil's pension sector, but market impact is limited as it is a company-specific target.