A survey by B3, the São Paulo stock exchange, shows that the number of individuals investing in variable income grew by 35% in the third quarter of 2022 compared with the same period last year, rising from 3.3 million in 2021 to 4.6 million this year.

Compared to the second bimester, there was an increase of 200,000 investors.

Variable income is an asset in which the financial return cannot be calculated at the time of investment. It can vary positively or negatively, according to market expectations.

The study shows that there was an increase in trading and in the value of all types of investment in the stock market.

The number of investors in fixed income products rose from 9.6 million to 12.6 million, which reflects the high Selic rate.

Treasury Direct, in turn, is an investment option for about 2.1 million individuals, up 25% in the third quarter compared to the same period in 2021.

In a statement, Felipe Paiva, B3’s Client and Individual Relationship Director, said that the numbers show that Brazilians have sought diversification of investments beyond savings.

According to him, this shows the potential of this segment and explains “the positive balance and recurring growth in the number of individuals in recent years.

B3 did a complementary study to evaluate the behavior of individual investors in October, the month of the elections.

The survey showed that there was growth in the number of individuals, including an increase in the volume traded and participation in custody of assets.

“The average volume traded per day in the variable income spot market increased 18%, from R$ 7.8 billion to R$ 9.2 billion,” points out the study.

The data also show that, among the 106 thousand people who started to invest in variable income in September, 31% made their first operation with a value of up to R$ 40. Another 29% made investments between R$ 40 and R$ 200.

“This reinforces that more Brazilians have discovered that it is possible to start investing in variable income with lower entry tickets and have sought to experiment with new options,” said B3.

Individuals represent 16% of all volume traded in the cash market on the São Paulo stock exchange.