Fundo de Investimento Setoriais Fiset Turismo
0.18
BRL
-0.07
(-28.00%)
ISIN
BRFSTUCTF015
Return %
Stock
S&P 500
1Y
-37.93
14.20
3Y
-58.14
81.12
5Y
-64.71
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- Brazil
- Similar Companies
- Business
- Fundo de Investimento Setoriais Fiset Turismo is a Brazil-based closed-end sectoral investment fund focused on financing and holding equity and debt interests in tourism, hospitality, and leisure infrastructure projects throughout Brazil. Established in 1974 pursuant to Brazilian Federal Decree-Law No. 1,376 and administered by Banco do Brasil S.A., the fund is headquartered in Brasília, Distrito Federal. The fund was formed to deploy resources derived from federal fiscal incentives into strategic initiatives approved by the Brazilian Tourist Board (EMBRATUR) to expand national tourism infrastructure. Fundo de Investimento Setoriais Fiset Turismo primarily provides long-term capital allocation and asset management services, with portfolio operations comprising direct equity investments in commercial hospitality enterprises, resort developments, and hotel operators; subscription and management of convertible and non-convertible debentures; financing of theme parks, aquatic centers, and recreational tourism complexes; capital participation in convention centers, cultural hubs, and tourism-related transport facilities; administration and custody of sectoral investment certificates (Certificados de Investimento); and specialized portfolio monitoring, restructuring, and legal credit recovery for distressed tourism projects. In recent developments, the fund has focused on portfolio rationalization, orderly asset monetization, and governance modernization in accordance with the regulatory frameworks established by the Brazilian Securities and Exchange Commission (CVM), including compliance updates under CVM Resolution 175. Operational activities have centered on the auction and secondary market divestment of legacy equity stakes via B3 S.A. - Brasil, Bolsa, Balcão, renegotiation of delinquent corporate debt obligations, and the execution of capital distributions and redemptions to certificate holders as part of its ongoing liquidation and asset realization strategy.