Fixed Income ETF BDR

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Fixed Income ETF BDR

To enable our clients to expand the offer of products and boost the development of the investment market in Brazil, B3 is launching the Fixed Income ETF BDR.

Fixed Income ETF BDRs (Brazilian Depositary Receipts) are securities deposit certificates issued in Brazil and backed by fixed income index funds shares (ETFs – Exchange Traded Fund) issued abroad.

Fixed Income ETF BDRs facilitate exposure to fixed income indices from different countries and create opportunities for the diversification of investments in a simple, transparent and low-cost way.

Project Tags:

Listed

Completed

Interest rate and currencies

Commodities

Product benefits

Oportunidade

Para acessar o investidor interessado em diversificar suas carteiras com ETFs estrangeiros.

Simplicidade na operação

Com negociação no PUMA e liquidação em reais, em D+2 da data de negociação, com a possibilidade de distribuição de rendimentos.

Facilidade para diversificar

Investindo vários ativos de renda fixa, com uma carteira que busca seguir a rentabilidade de um índice de renda fixa internacional.

Taxas competitivas

Na maioria dos casos, os BDRs de ETFs possuem taxas de administração menores que as dos fundos de renda fixa tradicionais.

Leveraging the Development of Brazil’s ETF market

Fixed Income ETF BDRs are securities issued in Brazil backed by ETF shares issued abroad.

B3 is the only market manager in Brazil that offers ETF BDR trading, settlement and custody processes.

To issue Fixed Income ETF BDRs, the foreign index fund manager must sign a contract in Brazil with a depositary institution which will be responsible for issuing the BDR. The depositary institution, in turn, must maintain an account with a custodian abroad where the securities used as collateral remain deposited and blocked.

ETF BDR taxation is the same applied to local Fixed Income ETFs with a regressive income tax table depending on the average time to renegotiate the ETF.

The Fixed Income ETF BDR structure is the same as any ETF BDR and seeks to reflect the variations and profitability before fees and expenses of fixed income indices, whose theoretical portfolios are mainly composed of fixed income assets from different countries.

B3 offers the environment for issuing and redeeming shares in the primary market according to the rules defined by the depositary institution. Furthermore, Fixed Income ETF BDRs are traded in the secondary market with T+2 settlement (up to two days) via multilateral netting.

Fixed Income ETF BDRs are traded on the PUMA Trade System, a platform that brings together several functionalities and unique risk management and operational excellence to trade safely.

Launched in August in partnership with key market managers, the ETF.com.vc portal brings content, tools and functions that provide investors with up-to-date information about ETFs, while promoting market knowledge and sustainable development. We welcome companies interested in participating in this project. Learn how to be a part.