IDB and Brazil’s public banks to launch Amazon ETF, say sources
The Inter-American Development Bank (IDB) and Brazil’s public banks will announce on Thursday the development of an exchange-traded fund (ETF) focused on sustainable investments in the Amazon rainforest, said two people with direct knowledge.
State development bank BNDES, Banco do Brasil (BBAS3.SA), opens new tab and Caixa Economica Federal (CEF.UL) are part of the initiative, said the sources, who requested anonymity because plans are not public.
Source: REUTER