Where to invest in 2025: Tesouro Direto, FIDCs and the best fixed income options

Posted byBy Bruno_ViannaJanuary 3, 2025EditWhere to invest in 2025: Tesouro Direto, FIDCs and the best fixed income options

With high interest rates and a scenario of greater risk aversion, 2025 begins as a promising year for investors seeking opportunities in fixed income. Experts highlight the need for flexibility, long-term vision and selectivity to take advantage of the potential of this asset class throughout the year.

Current scenario and perspectives

Government bonds remain attractive, with high real interest rates, while private credit gradually increases the premium over Tesouro Direto. According to XP Investimentos, the correction of spreads, which began in 2024, should continue moderately in 2025, consolidating opportunities in the credit securities market.

“Flexibility and a long-term vision will be essential to adjust the portfolio in the face of changes in the macroeconomic scenario and capture attractive premiums in selected securities,” says Sharon Halpern, partner at Blackbird Investimentos.

Analysts point out that the second half of 2025 may show lower returns. Jeff Patzlaff, a certified financial planner (CFP), recommends that investors take advantage of the good opportunities available at the beginning of the year: “In the second half of the year, fixed income may be less advantageous, especially for more conservative profiles.”

Best investment options

Inflation-linked securities

The IPCA+ continues to be one of the great opportunities, with emphasis on long maturities, such as those of 2045, which offer real interest of 7% per year. Despite the volatility in the short term, the long-term horizon favors these bonds, according to the Banco Inter report.

Post-fixed securities

Treasury Selic and CDBs indexed to the CDI are also recommended. Sharon Halpern points out that CDBs that offer less than 100% of the CDI do not compensate for the additional risk in relation to the Treasury Selic. “Securities from smaller banks can be alternatives, as long as the Credit Guarantee Fund (FGC) limit is respected”.

Prefixed securities

With attractive rates, fixed-rate bonds have space in portfolios, but with reduced exposure due to high volatility. Banco Inter suggests allocations of up to 5% of the portfolio, favoring short maturities, between 12 and 18 months.

Private credit

Debentures, CRIs and CRAs remain on the radar, although high interest rates may increase the risk for leveraged companies. Sophia Annicchino, from Bloxs, recommends a rigorous analysis of the fundamentals of the issuing companies and a detailed assessment of the guarantees offered.

Camilla Dolle, head of fixed income at XP Investimentos, reinforces the importance of selectivity: “Healthier companies within resilient sectors should be prioritized to mitigate risks in 2025”.

Credit Rights Investment Funds (FIDCs)

Aimed at qualified investors, FIDCs may stand out this year. According to Ângelo Belitardo, manager at Hike Capital, funds with low credit risk and subordination of 20% or more are safe and profitable options. “With the Selic rate exceeding 14.25%, the return on this asset class may exceed 16%,” he projects.

Taking advantage of opportunities

Although 2025 looks promising for fixed income, experts warn of the need for caution. “Flexibility, diversification and selectivity are essential to navigate this scenario and maximize gains,” concludes Camilla Dolle. Investors must be aware of market changes and ready to adjust their strategies as conditions evolve.