Facilitating Brazilian Investors’ Access to Global Products
Mirae Asset Global Investments announced on Dec. 26 that its U.S. ETF management subsidiary Global X will launch a new fund in Brazil jointly with the country's largest fund management company.
Banco do Brasil Asset Management Co. (BB Asset) is Brazil’s largest fund management company, affiliated with Banco do Brasil, the largest state-run bank in Latin America.
Under the partnership, the two companies will launch BB Global X Superdividendos BDR ETF Fund in Brazil. Through this fund, BB Asset will invest in Global X Superdividend ETF and Global X Superdividend US ETF, which are managed by Global X.
“This partnership with Global X has enabled us to make BB Asset’s portfolio more innovative,” BB Asset CEO Aroldo Medeiros said in an interview with local media outlets. “We will make endeavors to offer differentiated investment solutions for Brazilian investors.”
“I think we have laid the foundation for facilitating Brazilian investors’ access to global products,” Global X CEO Luis Berruga said. “We will continue to grow into a world-class ETF management company through a strong partnership with BB Asset.”