Released at the end of January as an instrument to complement retirement, the Treasury Income+ Retirement Extra (RendA+) bond sold R$ 211 million in the first 30 days, announced today (3) the National Treasury.
If only the first month is considered, from January 30 to February 28, sales totaled R$ 189 million. The value is equivalent to 11% of the volume sold in the entire Treasury Direct Program in that period.
More than 20,000 investors bought RendA+, of which 23% (4,600 investors) entered the Treasury Direct program exclusively because of the new securities. With an average sales rate of R$ 10 million per day, the Treasury calculates that the new instrument will reach a stock of R$ 2.5 billion in the hands of investors in one year.
According to the National Treasury, the securities preferred by investors up to March 1st were those maturing in 2030, the shortest, with R$80.3 million in settled purchases (39% of the total). Then come the papers maturing in 2035, with BRL 38.1 million (18% of the total), and in 2040, with BRL 27.5 million (13% of the total).
In the division by age group, two groups stand out: between 25 and 39 years old (48% of the total) and in the age group between 40 and 59 years old (43% of the total). Investors over 60 represent only 3%. Among the younger ones, the 19 to 24 year old group accounts for 5% and under 18 year olds 2% of the product’s total investors.
The age group between 40 and 59 concentrates 65% of the entire RendA+ stock. In the breakdown by gender, 68% of titles were acquired by men and 32% by women.
Complement
With an initial value of R$ 30, RendA+ is offered by the Treasury Direct, a program for the sale of public securities to individuals over the internet. The paper allows the investor to plan a retirement date and receive an extra monthly income for 20 years. The amount invested will be corrected monthly by inflation plus an interest rate that varies according to economic conditions, guaranteeing the investor’s purchasing power.
The amount invested will always be returned in 240 monthly installments that will amortize all the money invested in the product. The National Treasury expects the adhesion of up to 3 million workers, which would expand the public of the Direct Treasury to around 5 million investors.
Accumulation
The capital accumulation period, equivalent to the life of this security, ranges from 7 to 42 years, depending on the maturity chosen by the investor. There are eight maturity dates for the security, from January 15, 2030 to January 15, 2065, always with five-year intervals between one security and another (2030, 2035, 2040, 2045, 2050, 2055, 2060 and 2065).
The National Treasury clarifies that public bonds will work as a supplement to retirement and will not replace the pension scheme by distribution of the National Social Security Institute (INSS) or the special pension scheme for civil servants.
