First Trust Enters Brazil Market through Strategic Alliance with HMC Itajubá

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Portfolios L.P. (“First Trust”), a global exchange-traded fund (ETF) distributor, announced that it has engaged Sao Paulo, Brazil based, HMC Itajubá, in connection with First Trust ETFs within Brazil.

First Trust ETFs made an initial entrance into the Brazilian market last year as the second ETF fund family to list Brazilian Depository Receipts (“BDRs”). Currently, there are 17 Brazilian Depository Receipts (“BDRs”) backed by First Trust ETFs on the B3 exchange, the leading exchange in Latin America and second largest in the Americas.

HMC Itajubá, founded in 2012, is an independent and privately owned placement and advisory firm. They currently do business in six countries: Brazil, Chile, Colombia, Mexico, Peru and the United States. In 2021, HMC Itajubá was listed as a Top Placement Agent by the Preqin Special Report.

HMC Itajubá’s objective is to provide access in Latin America to the most respected global asset managers. Currently, it represents over 40 partner managers, which do not compete with each other. “First Trust is one of the high caliber clients HMC Itajubá represents, offering Brazilians yet another option to allocate their assets abroad with diversification and security,” according to Leonardo Camozzato, Managing Partner of HMC Itajubá.

“We strategically selected HMC Itajubá to assist us in providing more access to and education about ETFs as investment solutions for Brazilian Investors. We are aligned in our vision to provide education, resources and solutions to the Brazilian market. We look forward to being part of the growth of the ETF industry in Brazil over the coming years,” said April Reppy Suydam, Head of Latin America Sales and Distribution at First Trust.

For more information about First Trust, please contact Ryan Issakainen of First Trust at [phone] or [e-mail].

About First Trust

First Trust Portfolios L.P. (“FTP”), along with its affiliate First Trust Advisors L.P. (“FTA”), are privately held companies which provide a variety of investment services. FTP specializes in the creation, sponsorship and wholesaling of unit investment trusts (“UITs”). In addition, FTP distributes First Trust ETF creation units, mutual funds, private placements and third-party structured products. FTA is an investment advisor that primarily provides investment management services provided to exchange-traded funds (“ETFs”) and closed-end funds. FTA has collective assets under management or supervision of approximately $193.8 billion as of 31 August 2022 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. First Trust is based in Wheaton, Illinois. For more information, visit http://www.ftportfolios.com.

The views and opinions expressed are for informational purposes only. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities (in any jurisdiction to any person to whom it is not lawful to make such an offer) and should not be considered specific legal, investment or tax advice.