Oryx Capital, a Brazilian asset manager specializing in international investment solutions, will launch its firstExchange Traded Fund(ETF) on B3. Scheduled to begin 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, with the focus of offering the end 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 Debentures Convertíveis 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 various sectors, such as finance, health and transportation, with the purpose of providing diversification and convertibility of bonds into shares in the event ofdefault.
“As it is a fixed income ETF, DBOA11 falls within the exception of the new quota-eating tax law, therefore it is exempt from the charge scheduled for November, which provides individual investors with a window of opportunity to achieve greater returns on their investments”, explains the executive.
The DBOA11 visa provides exposure to the U.S. convertible bond market, with an issuance value of at least US$ 350 million and a circulating nominal value of at least US$ 250 million, which represents high liquidity. With this fund, the asset manager aims to combine the security of fixed income with the returns 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 dividends will be automatically reinvested in the fund, enabling capital accumulation and the expansion of the long-term investment.
In the last five years, the assets in the portfolio achieved an average annual return 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 depreciated by over 130% against the dollar. From approximately R$ 2.30 in 2013, the dollar exchange rate 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 devaluation of the real, in order to mitigate risks and preserve the value of the investor’s assets,” concludes Verônica.
