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.
Brazilian platforms add cross-border funds in wake of rule changes, difficult economy
September 30, 2015 by
Gustavo Pires, commercial manager at fund platform XP, estimated that, with new rules lowering the minimum investment on global funds, the potential audience for global feeder funds is likely to expand 50-fold in Brazil.
