03.26.2024

VanEck Strengthens LatAm Presence in Brazil

03.26.2024
VanEck Strengthens LatAm Presence in Brazil
  • VanEck’s strategic investment in Investo, Brazil’s largest independent ETF issuer, underscores commitment to Latin American markets.
  • Brazil becomes a key market in VanEck’s LatAm strategy, complementing its global presence.

Global asset manager VanEck announced a majority investment in Investo, a trailblazing Brazilian ETF provider. This partnership not only reinforces VanEck’s commitment to the rapidly growing LatAm markets, but also positions Investo to become a dominant force in the region’s ETF industry.

VanEck is a major player in commodities, emerging markets, gold shares, semiconductors, large-cap U.S. stocks and more. The firm’s strategic investment in Investo signals a noteworthy expansion beyond its established markets in the U.S., Australia and Europe, and into the dynamic financial markets of Latin America, with Brazil as a focal point.

Investo, known for its innovative approach in the Brazilian ETF market, has distinguished itself through its leadership and creative financial products such as products that closely track the Selic rate or the inflation targeting system. Under the guidance of Caue Mancanares, CEO of Investo, and the management team, Investo has navigated the complex landscape of Brazilian finance to set the stage for rapid growth and increased market share. VanEck’s investment will provide Investo with the capital, investment expertise and administrative resources necessary to scale operations and enhance its product offerings.

Jan van Eck, CEO of VanEck, expressed enthusiasm for the partnership, stating, “Investo’s track record of innovation in the ETF space aligns perfectly with VanEck’s vision for growth in Latin America. We are excited to contribute our global resources and investment expertise to support Investo’s strategic goals for the Brazilian market.”

The combination of VanEck’s global reach and financial strength with Investo’s ingenuity and regional expertise marks a significant milestone for Latin America’s ETF markets. Both firms are committed to providing Brazilian investors with access to high-quality, innovative investment products, setting a new standard for excellence in the LatAm ETF market.

Source: VanEck

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