- Address
- New York
- Business
- JP BTB EUROPDRE (B3: BBER39) is an exchange-traded fund Brazilian Depositary Receipt program that provides Brazilian institutional and individual investors with direct, local-currency access to developed European equity markets by replicating the performance of the underlying JPMorgan BetaBuilders Europe ETF (NYSE Arca: BBEU), which tracks the Morningstar Developed Europe Target Market Exposure Index. The underlying fund is managed by J.P. Morgan Investment Management Inc., an asset management subsidiary of JPMorgan Chase & Co. (founded in 1799 and headquartered in New York, New York), with local depositary and administrative services in Brazil provided by Banco B3 S.A., headquartered in São Paulo, Brazil. The fund offers systematic exposure across core asset management and exchange-traded products, including passive equity index tracking; broad investment exposure to large-capitalization and mid-capitalization public companies across developed European markets such as the United Kingdom, France, Switzerland, Germany, the Netherlands, Spain, Sweden, Italy, and Denmark; diversified sector exposure spanning financial services, healthcare, industrials, consumer goods, technology, energy, materials, and utilities; underlying portfolio investments in European multinational corporations, including ASML Holding NV, Shell PLC, Novartis AG, AstraZeneca PLC, Roche Holding AG, Nestlé SA, SAP SE, Siemens AG, and HSBC Holdings PLC; local trading, clearing, and custody settlement on the B3 stock exchange in Brazilian Real (BRL); and pass-through dividend distribution administration reflecting cash distributions from underlying portfolio equities. In recent developments, the underlying ETF strategy has expanded its total assets under management to over $9 billion while maintaining a Morningstar Medalist rating, executed routine quarterly index rebalancings and portfolio reconstitutions to reflect updated European corporate capitalizations and benchmark weight adjustments, integrated updated Morningstar market exposure methodology criteria, enhanced trading liquidity and market accessibility for retail investors on the B3 exchange under updated cross-border depositary regulations, and maintained continuous regulatory reporting and financial statement filings via Banco B3 S.A. to uphold international compliance and operational transparency.