BB Asset, the largest investment fund manager in Brazil, announced on Monday (27) the launch of the BB ETF Ibovespa B3 BR+ Index Fund (ticker: BRAZ11), its latest product in the ETF market.
The announcement was made this Wednesday (27) during the traditional bell-ringing ceremony at B3, the Brazilian stock exchange, marking the launch of the manager’s tenth ETF and the second one this year.
Designed to replicate the performance of the newly created Ibovespa B3 BR+ index, BRAZ11 offers an expanded investment strategy.
The index combines the portfolio of the traditional Ibovespa and adds the Brazilian Depositary Receipts (BDRs) of five Brazilian companies listed on U.S. stock exchanges and traded on B3: Nubank, Stone, XP Investimentos, PagSeguro, and Inter.
Transparency and Accessibility
According to Mário Perrone, Commercial and Product Director at BB Asset, the growth of the ETF market reflects the demand for transparent and accessible solutions.
“Fostering the ETF market in Brazil is a strategic goal for BB Asset, as we believe this market will become the natural choice for investors in the future. The launch of the BB ETF Ibovespa B3 BR+, the tenth ETF in our portfolio of exchange-listed funds, underscores our commitment to providing simplified and accessible investment solutions,” Perrone said.
The fund has a management fee of 0.10% per year and D+2 liquidity, allowing investors to buy and sell shares quickly through any brokerage. The initial investment to participate in the ETF is set at R$100.00, making it more accessible to a broader range of investors.
About the Ibovespa B3 BR+
The Ibovespa B3 BR+ index was developed to provide a more comprehensive indicator of the performance of the Brazilian stock market. It includes highly tradable and representative assets on the stock exchange, such as shares, units, and BDRs.
“Products derived from the index offer a broader view of the companies driving the national economy, enabling new diversification strategies for investors,” explained Ricardo Cavalheiro, Superintendent of Indices at B3.
Another Innovation in BB Asset’s Portfolio
With the launch of BRAZ11, BB Asset strengthens its position as a leading player in the development of the ETF market in Brazil. The manager, which already boasts a diverse range of exchange-traded funds, continues to invest in products that align with global trends and democratize access to diversified investments.
The new ETF consolidates the company’s commitment to offering modern solutions aligned with market demands, promoting more inclusive and attractive strategies for investors of all profiles.
