The Trend ETF MSCI AC Asia ex Japan IMI Fundo de Índice (ASIA11) is a Brazilian exchange-traded fund designed to provide exposure to Asian equity markets through investments linked to the MSCI AC Asia ex Japan IMI Index. The ETF is managed by XP Vista Asset Management Ltda. and trades under the ticker ASIA11 on the B3.

Classified as an international equity ETF, the fund follows a passive management strategy. Its objective is to provide investors with diversified exposure to companies across Asia, excluding Japan, through investments in international ETFs that track the MSCI AC Asia ex Japan IMI Index.

Composition / Exposure profile

ASIA11 provides exposure primarily associated with:

• Large-, mid-, and small-cap Asian companies.

• Chinese equity markets.

• Indian equity markets.

• Taiwanese and South Korean companies.

• Technology-sector businesses.

• Financial institutions.

• Consumer-related sectors.

• International equity diversification.

The portfolio offers access to some of the most dynamic economies in the world, providing exposure to companies operating across technology, finance, manufacturing, consumer goods, and other key sectors of the Asian economy.

Performance is generally influenced by economic growth in Asia, monetary-policy decisions, currency movements, global trade conditions, and the results of companies included in the benchmark.

Structure and costs

ASIA11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption occur through authorized participants, helping to align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee and also incurs costs associated with the underlying international ETFs held in the portfolio.

ASIA11 does not apply a performance fee and does not provide recurring income distributions, as dividends received from underlying holdings are reinvested into the fund's assets. The fund has an indefinite duration.

History and evolution of the ETF

The Trend ETF MSCI AC Asia ex Japan IMI Fundo de Índice was launched with the objective of expanding Brazilian investors’ access to Asian equity markets through the Brazilian stock exchange using an international ETF structure.

Since inception, the fund has become part of the growing segment of international ETFs available on the B3, reflecting increasing demand for global diversification and exposure to high-growth regions.

In recent years, ASIA11 has reflected fluctuations in Asian equity markets, influenced by macroeconomic conditions, global monetary-policy developments, economic growth in China and India, currency dynamics, and the performance of companies included in the benchmark index.

Additional Information

Trend ETF MSCI AC Asia ex Japan IMI Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $-.

Over the past 12 months, Trend ETF MSCI AC Asia ex Japan IMI Fundo de Índice recorded a return of -, with its price trading between $7.44 and $7.44 during the same period.

The ETF is traded under the ticker ASIA11.