Brazil is preparing the launch of the first local fixed-income exchange-traded fund (ETF). The government will select one manager to run the product, which should be launched by the end of the second quarter.
Fund launch gives AllianceBernstein access to onshore retail market in Brazil
September 1, 2015 by
Ilana Bobrow, investor relations executive at fund management shop XP Gestão, said the feeder fund will be promoted to the retail segment, "where we know there is a great opportunity. We will also talk with distributors, single- and multi-family offices, and pension funds."
