Bringing you live news and features since 2006 

First Trust enters Brazil market through strategic alliance with HMC Itajubá

RELATED TOPICS​

First Trust Portfolios has announced that it has engaged Sao Paulo, Brazil based, HMC Itajubá, in connection with First Trust ETFs within Brazil.

First Trust ETFs writes that it made an initial entrance into the Brazilian market last year as the second ETF fund family to list Brazilian Depository Receipts (“BDRs”). Currently, there are 17 Brazilian Depository Receipts (“BDRs”) backed by First Trust ETFs on the B3 exchange, the leading exchange in Latin America and second largest in the Americas.

HMC Itajubá, founded in 2012, is an independent and privately owned placement and advisory firm. They currently do business in six countries: Brazil, Chile, Colombia, Mexico, Peru and the United States. In 2021, HMC Itajubá was listed as a Top Placement Agent by the Preqin Special Report.

HMC Itajubá’s objective is to provide access in Latin America to the most respected global asset managers. Currently, it represents over 40 partner managers, which do not compete with each other. “First Trust is one of the high caliber clients HMC Itajubá represents, offering Brazilians yet another option to allocate their assets abroad with diversification and security,” says Leonardo Camozzato, Managing Partner of HMC Itajubá.

“We strategically selected HMC Itajubá to assist us in providing more access to and education about ETFs as investment solutions for Brazilian Investors. We are aligned in our vision to provide education, resources and solutions to the Brazilian market. We look forward to being part of the growth of the ETF industry in Brazil over the coming years,” says April Reppy Suydam, Head of Latin America Sales and Distribution at First Trust.

Latest News

Some big forces moved further into ETF issuance this week, with Capital Group launching 12 new active/passive model portfolios, and..
ASYMmetric ETFs has announced the launch of two new funds, ASYMmetric Smart Income ETF (NYSE: MORE) and ASYMmetric Smart Alpha..
First Trust Advisors has announced the launch of a new actively managed ETF, the First Trust Multi-Strategy Alternative ETF (NYSE..
Allianz Investment Management LLC (AllianzIM), a wholly-owned subsidiary of Allianz Life Insurance Company of North America has announced the launch..

Related Articles

ETF
We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Bitcoin
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Captain
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Mackenzie
Canadian asset manager Mackenzie Investments, with CAD186.6 billion under management, has published its annual Mackenzie Investments Year-End ETF Report. ...
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