Bradesco Launches New Artificial Intelligence ETF

Bradesco Asset, the fund management arm of Banco Bradesco, launched a new exchange-traded fund named BRIA11 on the Brazilian stock exchange on 15 September 2026. The product tracks the FTSE AI Global Leaders market index by investing in two New York-traded ETFs: CNQQ US Equity and XAIX US Equity.

The fund adjusts its exposure dynamically between both underlying assets according to economic conditions and sector momentum. It can reduce exposure to either ETF to zero when desired and keep up to 30% of its total assets in cash. Its management fee is also variable, ranging between 0.50% and 1% per year depending on the fund's current risk level.

Under the hood, CNQQ targets Chinese tech infrastructure companies, including Alibaba, Meituan, Tencent, and Xiaomi, spanning semiconductors, optical components, batteries, consumer electronics, hardware, and electric vehicles. XAIX holds global intellectual property leaders in AI, featuring Amazon, Apple, Micron Technology, Nvidia, and SK Hynix.

BRIA11 marks the 15th ETF rolled out by Bradesco Asset, bringing the manager's ETF assets under management to BRL 20 billion. Clayton Rodrigues, head of indexed and international investments, noted that the product seeks risk control against future market drops. Fernando Pairol, head of distribution and products at Bradesco Asset, stated that the strategy offers the flexibility needed to navigate the broader artificial intelligence supply chain.