The Hedge FTSE Hedge Brazil All Equity REITs ETF (HERT11) is a Brazilian exchange-traded fund designed to provide exposure to the Brazilian real estate investment trust market through investments linked to the FTSE Hedge Brazil All Equity REITs Index. The ETF is managed by Hedge Investments Real Estate and trades under the ticker HERT11 on the B3.
Classified as an equity ETF focused on real estate investment funds (FIIs), the fund follows a passive management strategy. Its objective is to replicate the performance of the FTSE Hedge Brazil All Equity REITs Index, maintaining at least 95% adherence to the benchmark while providing diversified exposure to Brazil’s listed real estate market.
Composition / Exposure profile
HERT11 provides exposure primarily associated with:
Brazilian equity REITs (“tijolo” FIIs).
Logistics and warehouse properties.
Shopping-center real estate.
Office and corporate properties.
Urban-income real estate assets.
Listed real estate investments.
Brazilian property-market exposure.
Diversified real estate sectors.
The ETF seeks to reflect the performance of the FTSE Hedge Brazil All Equity REITs Index, which includes some of the most liquid and representative real estate funds in Brazil, with significant exposure to logistics and shopping-center segments.
Performance is particularly sensitive to interest-rate conditions, inflation expectations, real estate-market dynamics, and broader macroeconomic developments affecting the property sector.
Structure and costs
HERT11 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 total management fee of approximately 0.50% per year and does not apply a performance fee. Income generated by the underlying real estate funds is reflected in the ETF’s share value according to the index-fund structure. The fund has an indefinite duration.
History and evolution of the ETF
The Hedge FTSE Hedge Brazil All Equity REITs ETF was launched in 2025 with the objective of simplifying access to Brazil’s real estate fund market through a single exchange-traded investment vehicle.
Since inception, the fund has become part of the growing segment of real-estate-focused ETFs in Brazil, reflecting investor demand for diversified exposure to listed property assets.
In its initial years of operation, HERT11 has reflected fluctuations in the Brazilian REIT market, influenced by interest rates, inflation trends, real estate-sector dynamics, and broader macroeconomic conditions.
Additional Information
Hedge FTSE Hedge Brazil All Equity REITs ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $14.11 million.
Over the past 12 months, Hedge FTSE Hedge Brazil All Equity REITs ETF recorded a return of 5.89%, with its price trading between $19.50 and $22.52 during the same period.
The ETF is traded under the ticker HERT11.