en.Wedoany.com Reported - The asset management division of Brazil's Safra Bank launched the Safra Artificial Intelligence Fund (Safra Inteligência Artificial, or Safra IA) in March 2024. This is a multi-market fund that has achieved a return of 136.38% since its inception, with a gain of up to 446.4% calculated as a percentage of the CDI over the same period. Instead of concentrating investments in a single giant, the fund allocates across companies within the entire artificial intelligence ecosystem, with a maximum exposure of 5% to any single stock. The portfolio includes chip manufacturers such as TSMC, data center equipment suppliers like Dell, and AI infrastructure software companies such as Datadog, Cloudflare, and Snowflake. The fund has performed prominently during a period when traditional multi-market funds in Brazil generally incurred losses, benefiting from valuation increases driven by AI in international markets.
In mid-2023, Safra Bank recognized that generative AI would reshape the industry landscape and began constructing Brazil's first fund focused on this theme. The fund targets investors looking to engage with the AI theme, allowing them to share in the technology's growth without betting on a single company or technology.
According to a NeoFeed survey, Safra Bank plans to expand its investment scope by launching AI-related products (including this year) with more specialized strategies. Institutional assessments indicate that AI is creating new industries, offering opportunities to capture returns from different segments of the ecosystem and cater to clients' varying risk preferences.
According to sources cited by NeoFeed, the bank has also established a fund named Explorer, which was created in mid-last year but only opened for subscription to Safra clients at the end of 2025. This fund focuses on concentrated opportunities; unlike Safra IA's pursuit of diversification, Explorer seeks the best ideas and key "bottlenecks" within the ecosystem. Currently, the fund is heavily allocated to data centers and the storage and processing segments of AI, holding a concentrated portfolio of 5 to 10 positions. When the team identifies opportunities deemed asymmetric, it can allocate 20%, 30%, or even more of its assets to a single theme. Since its inception, Explorer has achieved a return of 52.09%, or 238.3% above the CDI.
Additionally, Safra Bank has a previously established fund that invests exclusively in Nvidia, named the Safra Nvidia Plus Fund. According to a May report, this fund posted a nominal return of 42.2% over the past 12 months. As part of its strategy to expand the supply of AI investment products, Safra has also set up a pension fund that replicates the strategy of Safra IA within regulatory limits, with 40% allocated to the AI theme. According to sources who spoke to reporters, this product has raised approximately 200 million reais within a month of its launch. The bank plans to establish at least one more new fund to complement the AI fund series developed since 2024, which now has total assets of approximately 2 billion reais.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
