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First Trust enters Brazil market through strategic alliance with HMC Itajubá


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.

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