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3

MSCI World Index performance in 2026

  • Less than 0%7%
  • More than 0%, less than 5%11%
  • Between 5% and 10%17%
  • Above 10%65%

MSCI Emerging Markets Index performance in 2026

  • Less than 0%4%
  • More than 0%, less than 10%11%
  • Between 10% and 20%18%
  • Above 20%67%

Brazil’s country risk at the end of December 2026

  • 100.000 Or Less1%
  • Between 100.01 and 140.0076%
  • Between 140.01 and 180.0014%
  • Between 180.01 and 220.005%
  • 220.01 Or More5%
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