It Now IFNC Fundo de Índice (FIND11)

Overview

The It Now IFNC Index Fund, an innovative financial product, was inaugurated by Banco Itaucard S.A., a notable entity in the financial landscape, and is co-managed by Itau Unibanco S.A., another key player in the industry. This exchange traded fund (ETF) was established with a focus on harnessing the growth and performance of Brazil's public equity markets, particularly within the financial sector. Since its establishment on April 1, 2011, the fund has dedicated its investments towards the stocks of companies that play significant roles in financial intermediaries, diversified financial services, insurance, life, and multi-line sectors. By aiming to mirror the BM&FBOVESPA Financial Index, the It Now IFNC Index Fund provides investors with an opportunity to engage with a broad spectrum of financial companies across various market capitalizations, all while being domiciled in the vibrant market of Brazil.

Products and Services

• Exchange Traded Fund (ETF)

  The primary offering of Banco Itaucard S.A., managed in collaboration with Itau Unibanco S.A., is the It Now IFNC Index Fund. This ETF is designed to invest directly into the public equity markets of Brazil, focusing on the financial sector. It embodies a strategic approach to investment by selecting stocks from companies involved in essential financial services, including intermediation, diversified services, and insurance among others.

• BM&FBOVESPA Financial Index Replication

  A critical objective of the It Now IFNC Index Fund is to replicate the performance of the BM&FBOVESPA Financial Index. This index comprises companies that are pivotal to the Brazilian financial sector, covering a range of market capitalizations. Through this replication strategy, the fund offers its investors a diversified exposure to the financial industry, aspiring to match or exceed the benchmark’s performance over time.