BlackRock plans huge expansion in Brazilian ETF market
BlackRock is planning to cross-list “up to 100” of its overseas exchange traded funds in Brazil to take advantage of a boom in investment sparked by plunging interest rates and market liberalisation.
The world’s largest asset manager said it hoped the ETFs would be available by the end of March next year, which would mark a huge expansion on its existing range of five São Paulo-listed ETFs.
By Steve Johnson via Financial Times