Mirae Asset Global Investments Subsidiary Global X Launches New Fund with Brazil's Largest Asset Manager

US ETF Management Subsidiary 'Global X' Local Fund
Providing Differentiated Solutions to Brazilian Investors

[Asia Economy Reporter Kwangho Lee] Mirae Asset Global Investments announced on the 26th that its U.S. ETF management subsidiary, Global X, will launch a new fund locally in Brazil in partnership with the country's largest asset management company.

BB Asset (Banco do Brasil Asset Management Company), Brazil's largest asset manager and a subsidiary of Banco do Brasil, the largest state-owned bank in Latin America, has partnered with Global X. This is the first ETF investment partnership between global asset managers within Brazil.

Through this partnership, the two companies will launch the ‘BB Global X Superdividendos BDR ETF’ fund locally in Brazil. This product is a fund in which BB Asset invests in two Global X ETFs: the ‘Global X Superdividend ETF’ and the ‘Global X Superdividend US ETF’. It invests in 159 global companies that have consistently paid dividends, aiming to secure stable income returns, and implements currency hedging.

Aroldo Medeiros, CEO of BB Asset, said in a local media interview, “This partnership with Global X has allowed us to make BB Asset’s portfolio more innovative,” adding, “We will strive to provide differentiated investment solutions to Brazilian investors.”

Luis Beruga, CEO of Global X, stated, “We believe we have laid the groundwork for Brazilian investors to increase their accessibility to global products,” and added, “Through a close partnership with BB Asset, we will continue to grow as a leading ETF manager representing the global market.”

This content was produced with the assistance of AI translation services.