325
352-(&7,21,QWHUUXSWRU212))
/,*+7,QWHUUXSWRU212))GHOX]GHIXQGR
'(02:($7+(5)25(&$67
VHOHFLRQHHQWUHRPRGRGHGHPRQVWUDomRHRPRGR
GHSUHYLVmRGRWHPSR
6RTXHWHGRDGDSWDGRU
6(16255(0272
,QGLFDGRU/('GHVWDWXV
2ULItFLRSDUDPRQWDJHPHPSDUHGH
&RPSDUWLPHQWRGHEDWHULDV
2ULItFLRGH5(6(7UHDMXVWHDXQLGDGHDRVYDORUHV
SDGUmR
%RWmR&+$11(/VHOHFLRQHRFDQDO
35,0(,5263$6626
)217('($/,0(17$d2
$VEDWHULDVVHUYHPFRPR XPDIRQWHGHDOLPHQWDomR
UHVHUYD3DUDXVRFRQWtQXRGRSURMHWRUHGDOX]GH
IXQGRLQVWDOHRDGDSWDGRU
$
WRPD
G
D
G
HSDUH
G
H
G
HYH
VHULQVWDODGDSUy[LPDGRHTXLSDPHQWRHGHYHHVWD
U
I
DFLOPHQWHDFHVVtYHO
127$
VHUi H[LELGR TXDQGR D IRQWH GH
DOLPHQWDomRQmRHVWLYHUFRQHFWDGD
3DUDLQVHULUDVEDWHULDV
5HPRYDDWDPSDGRFRPSDUWLPHQWRGHEDWHULDVH
LQVLUDDVID]HQGRDFRUUHVSRQGrQFLDGDVSRODULGDGHV
3UHVVLRQH5(6(7DSyVDWURFDGDVEDWHULDV
/2&$/
6,*1,),&$'2
ÈUHD GR UHOyJLR
DODUPH
%DWHULDVGDXQLGDGH
SULQFLSDOIUDFDV
ÈUHDGHWHPSHUDWXUD
H[WHUQDLQWHUQD
%DWHULDV GR VHQVRU
IUDFDV
6(16255(0272
3DUDDMXVWDURVHQVRU
$EUDDWDPSDGRFRPSDUWLPHQWRGHEDWHULDVH
LQVLUDDVID]HQGRDFRUUHVSRQGrQFLDGDVSRODULGDGHV
&RORTXHRVHQVRUDXPDGLVWkQFLDGHPGD
XQLGDGHSULQFLSDOXVDQGRDEDVHGHPHVDRX
PRQWDJHPHPSDUHGH