With rising IPCA+ bond rates, is buying an ETF a good alternative? | Marcelo d’Agosto

Marcelo d’Agosto – CBN Dinheiro CBN

Guilherme, a listener from Niterói, in Rio de Janeiro, noticed that, in recent days, the rates offered in the IPCA+ treasury have been very attractive.

He asks whether, for those who don’t mind marking to market, buying an ETF could be a good alternative. He also questions whether there would be any disadvantages in investing in the ETF, instead of buying the Treasury Direct bond.

In fact, the rates on IPCA+ bonds have risen a lot and are at an attractive level.

ETF is an exchange-traded fund. And there are some ETFs that accompany a portfolio of Treasury IPCA+ type papers.

• Interest ceiling on INSS payroll loans will fall to 1.68% per month

A The advantage of the ETF is its practicality. Operationally, it’s like you bought a lot of IPCA+ Treasury at once.

A The disadvantage is that the average term of the portfolio is more or less constant. This means that, in practice, the application does not expire.

If you buy the IPCA+ Treasury directly, you choose the bond’s term, receive interest every six months and redeem the investment on the maturity date.

The ETF may be better if you want to enjoy the immediate gain if rates fall again. The IPCA+ Treasury at Tesouro Direto is better if you want to stay with the application until the end.

Until next time, and keep sending your questions to [email protected]