15 Oct 2025

"Demarest Advises BTG Pactual on Launching New ETF Linked to Teva LFIN DI Qualidade Index"

"Demarest provided legal advice to BTG Pactual Asset Management and BTG Pactual Serviços Financeiros in the creation of an exchange-traded fund (ETF) listed on B3, which aims to replicate the performance of the Teva LFIN DI Qualidade Index, focusing on senior financial bills indexed to the DI rate. The team was led by partner Mariane Kondo, along with partners Christiano Chagas and Andre Novaski, and associate Gustavo Cecche."

Demarest advised BTG Pactual Asset Management and BTG Pactual Serviços Financeiros in a recent transaction involving the structuring of an exchange-traded fund (ETF) listed on B3. This ETF is designed to mirror the performance of the Teva LFIN DI Qualidade Index, which aims to capture the total return of a portfolio composed of senior financial bills (Letras Financeiras) indexed to the DI rate. The legal team from Demarest included led partner Mariane Kondo, partners Christiano Chagas and Andre Novaski, and associate Gustavo Cecche.
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