Brazilian buyers can make inves
Brazilian buyers can make investments on the earth’s most modern corporations by an area ETF
Sao Paulo, Could 24, 2021 – XP Inc. (XP), a number one, technology-driven platform and a trusted supplier of low-fee monetary services in Brazil, at the moment introduced the launch of the primary Nasdaq-100 ETF in Latin America. The launch of Pattern ETF Nasdaq 100 Index Funding Fund (NASD11) permits buyers in Brazil to take a position on the earth’s most modern corporations that comprise the Nasdaq-100 Index.
The Nasdaq-100 Index tracks the 100 largest non-financial corporations listed on the Nasdaq. These corporations use innovation to create aggressive benefits that disrupt their respective markets, throughout sectors together with healthcare and client companies. Since its inception over 35 years in the past, the Nasdaq-100 index has develop into the world’s preeminent large-cap development index, persistently outperforming the S&P 500 Index.
Whereas the Nasdaq-100 is dwelling to among the most well-known names in expertise— together with Apple, Microsoft, Alphabet, Intel, and Fb. The index additionally contains category-defining corporations on the forefront of innovation in different industries reminiscent of Moderna, Zoom, MercadoLibre and Peloton.
“The launch of the primary Nasdaq-100 ETF in Brazil is a milestone for XP as we proceed to supply distinctive services to on a regular basis buyers”, says Fabiano Cintra, XP’s worldwide funds specialist. “Our collaboration with Nasdaq underlines our shared dedication to reworking the monetary companies business by innovation and making funding accessible to all.”
“The Nasdaq-100 index represents the brand new industrials – corporations taking part in necessary roles in our society and financial system,” mentioned Sean Wasserman, Vice President and Head of Index and Advisory Companies for Nasdaq. “We’re dedicated to bringing funding alternatives by our index partnerships and empower buyers globally to take part within the transformative development created by corporations on the forefront of the innovation.”
This new native car is a product of the Pattern Fund household, XP’s listed funding franchise, which at the moment has a complete of R$18 billion in belongings underneath administration in additional than 60 passive administration funds (together with Pattern ETFs).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.