In this month's letter, Ivan Barboza discusses his investment in British American Tobacco (BAT) as part of Ártica Long Term FIA's internationalization strategy. He also highlights the evolution of the tobacco industry and the emergence of new-generation products, such as vapes. The investment resulted in a significant return of 31% in pounds sterling (49% in reais). Full letter: https://artica.capital/cartas/nosso-investimento-na-bat/

Watch more videos from Ártica

Go to Youtube