BM&FBOVESPA announced on Tuesday the winners of the bidding process to manage the Dividend, Basic Materials and Public Utilities ETFs. Itaú Unibanco S.A. won the exclusive one-year license to use the Dividend Index (IDIV) and the Basic Materials Index (IMAT), while BlackRock Brasil, Gestora de Investimentos Ltda. won the exclusive one-year license for the Public Utilities Index (UTIL).
The winning institutions were those presenting the greatest commitment of financial volume for the 12 months counted from the day on which units of the Dividend, Basic Materials and Public Utilities ETFs are admitted for trading.
The IDIV ETF is based on the Dividend Index, which measures the performance of shares in companies that are outstanding in terms of remuneration to investors, in dividends and interest on own capital. The IMAT ETF measures the performance of shares that most represent the packaging, wood and paper, miscellaneous materials, mining, chemicals, steel and metallurgy sectors; and the UTIL ETF measures the performance of shares in companies that represent the public utilities sector (electricity, water and sanitation, and gas).
There are currently eight ETFs trading at BM&FBOVESPA. The iShares Ibovespa ETF (BOVA11), iShares BM&FBOVESPA Small Cap ETF (SMAL11), iShares BM&FBOVESPA MidLarge Cap ETF (MILA11), iShares IBRX – Index Brazil (BRAX); iShares Index BM&FBOVESPA Consumption Index Fund (CSMO); iShares Index BM&FBOVESPA Real Estate Index Fund (MOBI) are all are managed by BLACKROCK BRASIL. The PIBB ETF - Brazil Tracker (PIBB11) and IT Now IFNC Index Fund (FIND11) are managed by Banco Itaú Unibanco. Beyond these ETFs already traded on the Exchange, in March Itaú Unibanco S.A won the bidding process for the creation and the ISE ETF and the IGCT ETF, which shall soon be presented to the market.
