Oryx Capital, a Brazilian asset manager specializing in international investment solutions, will launch its first Traded Fund Exchange (ETF) on B3. With an expected start of trading on September 27 under the code DBOA11, the fund will be focused on fixed income, with investment in convertible debentures issued by companies in the 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, with the focus of offering the final consumer access to the best investments available in the American and European” markets, says Veronica Pimentel, CEO and co-founder of Oryx Capital.
The fund named Oryx Debentures Convertibles USA ETF will track the Bloomberg US Convertible Liquid Bond & ETF Tracker index and will feature 274 companies that offer growth potential and are active in a variety of industries, such as finance, healthcare and transportation, with the purpose of providing diversification and convertibility of securities into stocks in case of default.
“Because it is a fixed income ETF, DBOA11 falls under the exception of the new come-quota taxation law, so it is exempt from the collection scheduled for November, which provides the individual investor a window of opportunity to achieve greater returns on their investments”, explains the executive.
DBOA11 aims to provide exposure to the US convertible securities market, with an issue value starting at US$ 350 million and a nominal value in circulation of at least US$ 250 million, which represents a high liquidity.With this fund, the asset manager seeks to combine fixed income security with variable income return.
Open to individual investors, DBOA11 will have initial investment starting from R$ 100, with an administration fee of 0.7% per year and liquidity of two working days for redemption. ETF dividends will be automatically reinvested in the fund, which will enable capital accumulation and expansion of long-term investment.
In the last five years, the assets that make up the portfolio have achieved an average annual profitability of 14.3%, which was linked to the stability of the dollar and the appreciation of the assets themselves. In the last ten years, the real has suffered a devaluation of more than 130% against the dollar. From approximately R$ 2.30 in 2013, the dollar's price reached the level of R$ 5.59 in 2024.
Given the stability of the dollar, it is essential to consider the diversification of investments through assets linked to the American market. This strategy is effective to protect the portfolio against volatility and devaluation of the real, in order to mitigate risks and preserve the value of the investor's equity”, concludes Veronica.
