Global custodian BNP Paribas Securities Services (BNPSS) has been appointed fund administrator for the first fixed income ETF domiciled in Brazil.
The product, Mirae Asset Fixed Income Fund, launched on the Brazilian stock exchange (B3) on 10 September. BNPSS is now the fund’s administrator and custodian of its approximately 60 million Brazilian reals in assets.
According to BNPSS, it was “instrumental” in structuring the product for the Brazilian market.
Andrea Cattaneo, head of Brazil for BNPSS, said: “We are proud to have the oppo...
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