The Brazilian financial services platform XP launched the Trend ETF Nasdaq 100 Index Investment Fund, an investment fund in partnership with the American stock exchange that allows Brazilians to invest starting at BRL 10. According to XP, this is the first ETF (exchange traded funds) of the American stock exchange in Latin America.
The Nasdaq-100 has existed for over 35 years and brings together Nasdaq’s 100 largest listed non-financial companies – they are technology and innovation companies from various sectors, from retail to healthcare. Global technology giants like Apple, Microsoft and Facebook, and innovative companies like Mercado Libre and Zoom, are on the Nasdaq-100.
“The Nasdaq-100 index represents the most innovative sectors, the companies that play important roles in our society and economy,” says Sean Wasserman, vice president and head of Index & Advisory Services at Nasdaq.
According to Fabiano Cintra, an international funds specialist at XP, the launch of the Nasdaq-100 ETF in Brazil is part of XP’s commitment to “democratize ETFs in the country and connect our clients to the best investment opportunities worldwide.”
The Trend ETF Nasdaq-100 is available to Brazilian investors on the XP and Rico platforms. The product is part of the Trend Fund family, XP’s indexed investment franchise, including European equity and gold index funds.
