RIO DE JANEIRO, BRAZIL - Investing in one of the world's best-known technology indexes will be available to Brazilians as of today. XP closed an agreement with American Nasdaq to launch an ETF of its most famous benchmark, the Nasdaq 100, which comprises a theoretical portfolio of the 100 largest technology-based non-financial companies in the electronic exchange. Combined, these companies have a market value of over US$15 trillion.
It is the first local ETF - acronym for "exchange-traded fund" - of the Nasdaq 100 on a Latin American stock exchange. ETFs are funds that reproduce the variation . . .
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