The heads of the ETF business at JP Morgan, BlackRock and Global X boasted about the positive outlook for so-called "BDRs of ETFs" in Brazil.
XP launches slew of global products in Brazilian retirement space
November 1, 2022 by
With international launches, XP has established footing in the market of retirement products purchased at the individual and company level, says partner Roberto Teixeira.
19 BDRs of ETFs from Global X arrive at the B3
April 20, 2022 by
The ETF BDRs will initially be intended for qualified investors (with more than BRL 1 million invested), but should soon be available for general investors as well.
Investment abroad slowed in 3Q 2021, but managers are still high on Brazil
November 1, 2021 by
"Throughout 2021, we have observed a significant increase in the demand for investment funds abroad," says Renata Cypreste, commercial head of BB DTVM
ETF BDRs gain early traction in race for Brazilian pension allocations
October 20, 2021 by
Paula Salamonde, director at BlackRock in Brazil, told Fund Pro Latin America that local pension funds are latching on to the firm's offering of ETF BDRs to build out their internationalization strategies.
BlackRock hires Paula Salamonde to lead Brazilian ETF biz
April 27, 2021 by
Paula Salamonde, who worked at MSCI for 21 years until her departure in 2019, joined BlackRock’s São Paulo office in April.
State and municipal pensions barred from investing in local funds with international exposure
January 5, 2015 by
Local fund managers had been distributing their internationally-focused products to these Brazilian institutional investors through September 2014. However, a technical note (07/2014) issued by the MPS clarified that the RPPSs are not permitted to invest in international markets, even if the vehicle is local.
