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The It Now NYSE FANG+ Fundo de Índice (TECK11) is a Brazilian exchange-traded fund designed to provide exposure to global technology and innovation companies through investments linked to the NYSE FANG+™ Index. The ETF is managed by Itaú Asset Management and trades under the ticker TECK11 on the B3.
Classified as an international equity ETF, the fund follows a passive management strategy. Its structure seeks to replicate the performance of the NYSE FANG+™ Index, which is composed of a concentrated group of large-cap technology and innovation-driven companies listed in the United States, while also reflecting fluctuations in the U.S. dollar relative to the Brazilian real.
Composition / Exposure profile
TECK11 provides exposure primarily associated with:
Global technology and innovation companies.
Artificial intelligence and digital platforms.
E-commerce and cloud-computing businesses.
U.S.-listed growth stocks.
Communication-services companies.
Consumer-technology businesses.
U.S. dollar exposure.
International equity diversification.
The underlying exposure may include companies such as Apple, Amazon, Alphabet, Meta Platforms, Microsoft, Nvidia, Tesla, Netflix, Broadcom, and Snowflake, among other constituents of the NYSE FANG+™ Index.
The ETF’s performance is particularly sensitive to technology-sector valuations, corporate earnings, interest-rate expectations, and broader trends affecting global growth stocks.
Structure and costs
TECK11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).
The fund charges a management fee and does not apply a performance fee. TECK11 does not provide recurring income distributions, as portfolio results are reflected directly in the value of the fund’s shares.
History and evolution of the ETF
The It Now NYSE FANG+ Fundo de Índice was launched in 2021 with the objective of providing Brazilian investors with access to the global technology sector through an exchange-traded structure linked to one of the most recognized technology-focused benchmarks.
Since inception, the fund has become part of the growing international ETF segment in Brazil, reflecting increasing investor interest in innovation-driven companies and global equity diversification.
In recent years, TECK11 has reflected fluctuations in the technology sector, influenced by macroeconomic developments, corporate earnings, artificial-intelligence trends, and broader movements across international equity markets.
Additional Information
It Now NYSE FANG+ Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $1.22 Billion.
Over the past 12 months, It Now NYSE FANG+ Fundo de Índice recorded a return of 9.91%, with its price trading between $89.60 and $121.50 during the same period.
The ETF is traded under the ticker TECK11.
