BlackRock plans fixed income ETFs in Brazil

BlackRock plans to launch fixed income ETFs in Brazil this year. The manager, which oversees more than USD 15 trillion in assets globally, confirmed the initiative through Bruno Barino, country manager for Brazil, in an interview on 14 September 2026.

The local ETF industry held almost BRL 50 billion in assets under management in 2024, climbed to BRL 90 billion a year later, and currently reaches BRL 135 billion according to data from Elos Ayta. Fixed income ETFs account for BRL 63 billion of that total, representing nearly 50% of all Brazilian ETF assets, up from less than 20% at the start of 2025.

Barino stated that fixed income instruments will drive the next stage of growth through model portfolios, which combine fixed income and equity ETFs. Over 50% of ETFs in the United States sell through model portfolios today. Barino also noted that Brazil has strong conditions to draw artificial intelligence investments, including data centers, transmission, and power generation, provided the country offers regulatory stability and tax incentives.