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BM&FBOVESPA Awards ETFs Licenses

BM&FBOVESPA has declared the winners of the bidding process to manage the dividend, basic materials and public utilities ETFs.

BM&FBOVESPA has declared the winners of the bidding process to manage the dividend, basic materials and public utilities ETFs. Itaú Unibanco received a one-year license to use the Dividend Index and the Basic Materials Index, while BlackRockBrasilGestora de Investimentos was awarded a one-year license for the Public Utilities Index.

The exchange selected the institutions that presented 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. At present, eight ETFs trade at BM&FBOVESPA, including the iShares IbovespaETF and the iShares BM&FBOVESPA Small Cap ETF.

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