Oryx Capital, a Brazilian asset manager specialized in international investment solutions, will launch its first Exchange Traded Fund (ETF) on B3. With a scheduled start of trading on September 27 under the code DBOA11, the fund will focus on fixed income, investing in convertible debentures issued by companies in the North American market.
“The launch of this ETF marks the beginning of a series of innovative products that Oryx Capital plans to bring to the Brazilian market, focusing on offering the final consumer access to the best investments available in the North American and European markets,” says Verônica Pimentel, CEO and co-founder of Oryx Capital.
The fund named Oryx Convertible Debentures USA ETF will track the Bloomberg US Convertible Liquid Bond Index – ETF Tracker and will include 274 companies offering growth potential and active in various sectors like finance, health, and transportation, aimed at providing diversification and convertibility of bonds into stocks in case of default.
“Being a fixed-income ETF, DBOA11 falls under the exception of the new tax law ‘come-cotas,’ therefore exempt from the expected charge in November, providing individual investors with an opportunity window to achieve higher returns on their investments,” explains the executive.
DBOA11 aims to provide exposure to the US convertible securities market, with issuance value starting from US$ 350 million and a minimum circulating nominal value of US$ 250 million, representing high liquidity. With this fund, the asset manager seeks to combine the security of fixed income with the return of variable income.
Open to individual investors, DBOA11 will have an initial investment starting at R$ 100, with an annual management fee of 0.7% and liquidity of two business days for redemption. The ETF’s dividends will be automatically reinvested in the fund, which will allow capital accumulation and long-term investment expansion.
Over the past five years, the assets that make up the portfolio have achieved an average annual return of 14.3%, which was linked to the stability of the dollar and the appreciation of the assets themselves. Over the last ten years, the real has depreciated by over 130% against the dollar. From approximately R$ 2.30 in 2013, the dollar rate has reached R$ 5.59 in 2024.
“Given the stability of the dollar, it is essential to consider diversifying investments through assets linked to the North American market. This strategy is effective in protecting the portfolio against volatility and the devaluation of the real, to mitigate risks and preserve the investor’s wealth,” Veronica concludes.
