São Paulo, October 16, 2025 – Nu Asset Management, Nubank's investment manager, is launching the Nu CDI Tesouro Selic B3 (NCDI11), a new fixed income ETF. The solution allows investors to efficiently access Letras Financeiras do Tesouro (LFT) – Selic-linked government bonds – tracking the performance of these securities over time.
The NCDI11 will be the first ETF indexed to the B3 Selic Treasury Index (Índice Tesouro Selic B3), the first government bond index developed and calculated by B3 itself. Launched on the same date, this index was structured to represent the most traded Treasury bonds (LFTs) based on liquidity criteria and quarterly rebalancing.
"The launch of NCDI11 reinforces Nu Asset's commitment to developing solutions that meet the needs of the Brazilian investor, with a focus on the evolution of the ETF market," says Andrés Kikuchi, Executive Director of Nu Asset. "We observe the growth of the ETF market in Brazil and seek to be an active agent in this evolution, offering solutions that contribute to the development of both investors and the market," he adds.
With an administration fee of 0.15% per year, the NCDI11 will offer high liquidity, trading on the stock exchange with a settlement in D+1 (one business day). The ETF will be available for trading on B3 starting October 17 and joins Nu Asset's ETF portfolio, which includes fixed income, equity, and cryptocurrency options, expanding access to investment products for clients.
With R$ 6.4 billion under management, 24 investment funds, and 1.4 million investors, Nu Asset uses data science and technology to create innovative and transparent investment solutions. Key milestones include the launch of the first dividend-distributing ETF on B3 in 2023 (NDIV11) and the first smart betas of the Bovespa index – which also include Low Volatility (LVOL11) and High Beta (HIGH11).