Bringing you live news and features since 2006 

BNP Paribas named fund administrator for first fixed income ETF in Brazil


BNP Paribas Securities Services, a leading global custodian with USD11.5 trillion in assets under custody, has been appointed fund administrator for the first fixed income ETF domiciled in Brazil.

With the launch of the Mirae Asset Fixed Income Fund (MIRAE FIXA) on the Brazilian Stock Exchange B3 on 10 September 2018, BNP Paribas now serves as the fund administrator and custodian for the fund’s approximately BRL60 million in assets. BNP Paribas was also instrumental in structuring this new product in the Brazilian market.
BNP Paribas is already a leader in ETF servicing in Brazil, currently providing fund administration and custodial services for over BRL4.6 billion in equity ETF assets, or approximately 64 per cent of the equity ETF market in Brazil.
“With this new launch, we are consolidating our leadership role in the Brazilian ETF market, both in terms of volumes and sophistication in the product range we can serve,” says Andrea Cattaneo, Head of Brazil for BNP Paribas Securities Services. “We are proud to have the opportunity to help develop the ETF market in Brazil, which ultimately benefits investors with cost-effective and more transparent investment options.” 

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by