Fixed Income ETFs Attract Record Investor Inflow

Fixed income ETFs are exchange-traded funds that replicate portfolios of debt securities, such as public and private bonds. They function as a "package" of fixed income assets that the investor can buy and sell on the stock exchange.

Data from B3 together with the manager Investo show that funds jumped from R$8.8 billion in December 2024 to R$51 billion this year alone.

According to Marilia Fontes, presenter of Resenha do Dinheiro, growth is not limited to the product offering, but also to the volume applied.

In 2026 alone, 12 new fixed income ETFs have already been launched, which demonstrates a growing interest from both managers and investors in the segment.

For Bernardo Pascowitch, founder and CEO of Yubb, the advancement of fixed income ETFs is linked to the evolution of investor behavior itself.

"The funds started mainly as variable income products. Little by little, the market grew and investors began to realize the advantages of fixed income within this structure. It is an easy, accessible, fast and liquid product", he assesses.

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In addition, simplicity in allocation also contributes to the popularization of the product. Another advantage is its tax factor. The presenter highlights that, in some cases, the structure can be more efficient from a tax point of view compared to traditional bonds.

"In public bonds, taxation follows a regressive table, which starts at 22.5% and can drop up to 15% for longer terms. In fixed income ETFs, the rate is always 15%. This can represent an important advantage, especially in shorter term strategies", he explains.

Despite this, she highlights that there are differences in relation to direct investment in public bonds. In the case of ETFs, the investor does not have a paper maturity and the fund needs to maintain the strategy through the so-called "rebalancing" of the portfolio.

"It's different from buying a public bond directly from the Treasury. In the ETF, there is no individual maturity. The manager needs to roll the portfolio, which maintains constant exposure and means that the mark-to-market effect is always present", he warns.

This means that, in scenarios of rising interest rates, fixed income ETFs may underperform individual bonds, as the latter approach maturity over time.

Dinheiro Review
Carried out with the support of B3 and the investment manager BlackRock, the program is presented by Thiago Godoy, the "Financial Daddy", Marilia Fontes, founding partner of Nord Investimentos; Bernardo Pascowitch, founder and CEO of Yubb, proposes a light, direct and uncomplicated approach to topics related to financial education and investments. The attraction addresses the main themes of the economy weekly with the informality of a conversation between friends - without compromising on analysis.

The Money Review airs every Friday, at 7pm, on the CNN Money YouTube channel and on Sundays, at 3pm, on CNN Brasil.

Source: CNN