Nubank launches ETFs that provide access to US fixed-income securities

São Paulo, September 17, 2025 – Nu Asset, Nubank’s investment fund manager, is announcing the launch of two new global corporate fixed-income ETFs with hedging on the B3, the Brazilian Stock Exchange. Developed to meet the demand for diversification in the Brazilian market, HGBR11 and HYBR11 are the first fixed-income ETFs with global private credit in Brazil to offer currency protection in Reais, which neutralizes the volatility of the Real against the US dollar.

“Often, when investing in other countries, Brazilian investors face the strong variation of the Real in relation to the dollar, which can reach 20% per year. With currency hedging, the return on these new ETFs more accurately reflects what the original investment generates abroad, plus the return that comes from the interest rate difference between Brazil and the country where the asset is located, which the market knows as ‘carry,'” says Andrés Kikuchi, executive director of Nu Asset Management.

HGBR11 and HYBR11

The HGBR11 (Nu iBoxx Investment Grade Hedge Carry BRL) invests in high-quality corporate credit securities and replicates the performance of the iBoxx USD Liquid Investment Grade BRL Hedge Carry Index. The HYBR11 (Nu iBoxx High Yield Hedge Carry BRL) focuses on corporate credit securities with higher return potential, mirroring the iBoxx USD Liquid High Yield BRL Hedge Carry Index.

Both ETFs provide access to the US fixed-income market, the largest in the world, including corporate debt securities that total trillions of dollars. They also offer liquidity, with trading on the B3 and settlement in one business day (D+1).

The global fees are 0.20% per year for HGBR11 and 0.30% per year for HYBR11. The funds are exempt from IOF and “come-cotas” taxes, and the capital gains tax is 15%, which can be offset by losses from other operations.

With these launches, Nu Asset adds the fixed-income asset class to its portfolio of ETFs, which already includes the variable-income ETFs NDIV11, NSDV11, HIGH11, and LVOL11, and the Bitcoin ETF NBIT11.

With R$6 billion under management, 22 investment funds, and 1.4 million investors, Nu Asset uses data science and technology to create innovative and transparent investment solutions. Among its key milestones are the launch of the first dividend-paying ETF on the B3 in 2023 (NDIV11) and the first smart betas of the Bovespa index – Low Volatility (LVOL11) and High Beta (HIGH11).