BTG Pactual Reveals Portfolio with 17 Real Estate Funds to Invest in January 2026

• What’s the Logic Behind BTG’s January 2026 FII Portfolio?
• The 17 FIIs BTG Pactual Recommends for January 2026
• Why Brick-and-Mortar Funds Dominate
• How to Access BTG’s Full FII Report for Free
• Disclaimer
• FAQs: BTG Pactual’s 2026 FII Recommendations

Looking to diversify your investments in 2026? BTG Pactual, Latin America’s largest investment bank, has just released its recommended portfolio of 17 real estate funds (FIIs) for January. The analysts have adjusted positions to capitalize on gains consolidated throughout 2025, with a focus on brick-and-mortar funds like BTLG11, MCCI11, and KNIP11. Here’s everything you need to know about their strategy and the full list of recommended funds.

What’s the Logic Behind BTG’s January 2026 FII Portfolio?

2025 was a standout year for Brazil’s real estate fund market, driven by three key factors: attractive entry prices, improved operational performance, and regulatory stability. Funds started the year trading at significant discounts to net asset value (NAV), creating room for appreciation. Occupancy rates and rental adjustments climbed, particularly in agricultural, logistics, and shopping center segments. With the Selic rate cut cycle on the horizon, BTG’s team—led by analysts Daniel Marinelli and Matheus Oliveira—is doubling down on high-quality brick-and-mortar assets for 2026. Their approach? Gradual exposure increases, avoiding abrupt moves, and prioritizing cash Flow predictability.

The 17 FIIs BTG Pactual Recommends for January 2026

BTG’s monthly portfolio review balances sectoral diversification and regional exposure. The current lineup includes:

• BTLG11 (+3% allocation): A logistics heavyweight with prime warehouse locations.
• MCCI11 (+1.5%): Focused on shopping centers benefiting from retail recovery.
• KNIP11 (+1.5%): Agribusiness play with stable lease contracts.

Reductions were made to KNCR11, HGRU11, and BTHF11 (-1.5% each) due to underperformance. The portfolio now boasts an average daily liquidity of R$7.7 million and a weighted dividend yield of 11.5%.

Why Brick-and-Mortar Funds Dominate

“In my experience, tangible assets outperform during rate cuts,” notes a BTCC analyst (who asked not to be named). Brick-and-mortar funds—especially in logistics—saw 2025 occupancy rates hit 92%, per TradingView data. With e-commerce fueling demand for warehouses, BTG expects this trend to accelerate in 2026.

How to Access BTG’s Full FII Report for Free

Want the complete list? BTG offers its detailed analysis—including macro assumptions, fund-by-fund breakdowns, and manager assessments—free to registered users. Click the LINK below to sign up (no credit card required).

Disclaimer

This article does not constitute investment advice. Always consult a qualified professional before making decisions.

FAQs: BTG Pactual’s 2026 FII Recommendations

What’s the average dividend yield of BTG’s recommended FIIs?

The portfolio’s weighted average yield is 11.5%, per BTG’s January 2026 report.

Which sectors are overweight in the portfolio?

Logistics (35%), shopping centers (25%), and agribusiness (20%) lead allocations.

How often does BTG update its FII recommendations?

Monthly, with adjustments based on macro shifts and fund performance.