The B-Index ETF Connect China AMC ChiNext (TECX11) is a Brazilian exchange-traded fund designed to track the ChiNext Index, composed of Chinese companies in technology, manufacturing, and services, through replication of this Asian benchmark.
The fund is administered by Banco Bradesco S.A., structured in partnership with Bradesco Asset Management, and trades under the ticker TECX11 on the B3.
Classified as an international equity ETF, the fund follows a passive management strategy. Its objective is to track the ChiNext Index, from the Shenzhen Stock Exchange, by replicating the performance of leading China A-shares listed on that market.
Composition / Exposure profile
TECX11 provides exposure primarily associated with:
- Chinese companies in technology, manufacturing, and services
- The ChiNext Index, from the Shenzhen Stock Exchange
- Domestic Chinese equities ("A-shares") linked to innovation and emerging-growth sectors, including healthcare and biotechnology
The portfolio provides access to small- and mid-cap Chinese companies operating in innovative and high-growth segments. Performance is generally influenced by China's interest-rate cycles, economic policy, corporate earnings, and broader macroeconomic conditions affecting international markets.
Structure and costs
TECX11 shares trade on the secondary market on the B3. Share creation and redemption occur through authorized participants. The fund charges a management fee and also incurs costs associated with accessing the Chinese market through the cross-border ETF Connect structure.
TECX11 does not apply a performance fee and does not provide recurring income distributions. The fund has an indefinite duration.
History and evolution of the ETF
TECX11 was launched in May 2025 as part of the "ETF Connect" partnership between B3 and Bradesco Asset, made possible by a memorandum between Brazil's CVM and China's securities regulator (CSRC). It was one of the first two ETFs from this partnership, alongside PKIN11 (linked to the CSI 300 Index), aimed at facilitating Brazilian investors' access to the Chinese equity market.
Since inception, the fund has become part of the growing segment of China-linked international ETFs available in Brazil, reflecting increasing investor interest in Chinese technology and innovation companies.
In recent years, TECX11 has reflected fluctuations in the Chinese equity market, influenced by interest-rate cycles, Chinese economic policy, corporate earnings, and broader macroeconomic conditions affecting international markets.
Additional Information
Bradesco Global Technology ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $53.06 million.
Over the past 12 months, Bradesco Global Technology ETF recorded a return of 36.50%, with its price trading between $113.30 and $209.95 during the same period.
The ETF is traded under the ticker TECX11.