Nu Asset launches the first ETF on the market indexed to Ibovespa (Image: Diana Cheng/Money Times)
The investment fund manager of Nubank (ROXO34), Now Assetlaunched the first ETF of the market indexed to Ibovespa B3 BR+. Nu Ibovespa (NBOV11) is now available for trading on B3.
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“With NBOV11, investors now have an even more complete investment alternative to diversify their strategies in the capital markets,” the statement said.
Furthermore, the fund is the first ETF on the market that brings together the main Brazilian companies listed on B3 via common shares, preferred shares and BDRs, when listed abroad.
NBOV11 has an administration fee of 0.10% per year and D+2 liquidity, allowing the purchase and sale of shares at any brokerage firm.
At the opening of today's trading session, the initial investment was R$100.00. At the moment, the fund is trading up 1.05%, quoted at R$101.05.