{"id":3045,"date":"2026-11-04T13:14:40","date_gmt":"2026-11-04T16:14:40","guid":{"rendered":"https:\/\/www.dexetfs.com.br\/?post_type=noticias&p=3045"},"modified":"2026-11-04T13:14:40","modified_gmt":"2026-11-04T16:14:40","slug":"hert11-xfix11-queda-fundos-imobiliarios-carteiras-3-novembro-2026","status":"publish","type":"noticias","link":"https:\/\/www.dexetfs.com.br\/en\/noticias\/hert11-xfix11-queda-fundos-imobiliarios-carteiras-3-novembro-2026\/","title":{"rendered":"HERT11 e XFIX11 caem mais de 2,7%; galp\u00f5es e shoppings mostram de onde veio a press\u00e3o"},"content":{"rendered":"
\"\"

Cr\u00e9ditos: iStock<\/p><\/div>\n

Os ETFs imobili\u00e1rios brasileiros voltaram a sofrer no primeiro preg\u00e3o de novembro. O HERT11, da Hedge Investments, caiu 2,89%, enquanto o XFIX11, da XP Asset, recuou 2,72%. Em um m\u00eas, as perdas eram de 6,43% e 5,86%, respectivamente. A press\u00e3o se espalhou por fundos de galp\u00f5es, shoppings e im\u00f3veis corporativos, em um ambiente de revis\u00e3o das expectativas de juros.<\/p>\n

Apesar da proximidade no resultado di\u00e1rio, as duas carteiras s\u00e3o diferentes. O HERT11 acompanha o FTSE Hedge Brazil All Equity REITs, uma sele\u00e7\u00e3o de FIIs de tijolo. O XFIX11 segue o IFIX-L, voltado aos fundos imobili\u00e1rios de maior liquidez, com presen\u00e7a tamb\u00e9m de carteiras de receb\u00edveis.<\/p>\n

As maiores posi\u00e7\u00f5es do HERT11 tiveram movimentos relevantes<\/h2>\n

A composi\u00e7\u00e3o de 3 de novembro mostra que BTLG11, HGLG11 e XPML11 respondiam, juntos, por 28,23% do patrim\u00f4nio do HERT11. Acrescentando XPLG11 e KNRI11, o grupo chegava a 40,72%. Houve, portanto, queda em uma parcela material da carteira.<\/p>\n\n\n\n\n\n\n\n\n
FII<\/th>\nPeso no HERT11 ontem, 3\/11<\/th>\nVaria\u00e7\u00e3o do pre\u00e7o ontem, 3\/11<\/th>\n<\/tr>\n
BTLG11<\/td>\n9,75%<\/td>\n\u22121,09%<\/td>\n<\/tr>\n
HGLG11<\/td>\n9,63%<\/td>\n\u22123,26%<\/td>\n<\/tr>\n
XPML11<\/td>\n8,85%<\/td>\n\u22122,74%<\/td>\n<\/tr>\n
XPLG11<\/td>\n6,57%<\/td>\n\u22123,98%<\/td>\n<\/tr>\n
KNRI11<\/td>\n5,92%<\/td>\n\u22123,21%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

HGLG11 e XPLG11 levaram a press\u00e3o para a exposi\u00e7\u00e3o log\u00edstica. O XPML11 mostrou que a queda tamb\u00e9m atingiu os shoppings. O KNRI11, com im\u00f3veis de escrit\u00f3rios e log\u00edstica, acrescentou outra fonte de recuo.<\/p>\n

 <\/p>\n

\"\"<\/p>\n

Quer acompanhar as discuss\u00f5es sobre \u00edndices, estrat\u00e9gias e o mercado de ETFs? O INDEX 2026, evento anual da DEX, acontece no dia 12 de novembro, em S\u00e3o Paulo. Garanta a sua vaga.<\/a><\/p><\/blockquote>\n

No HGLG11, o rendimento muda a leitura da queda<\/h2>\n

O HGLG11 passou a negociar sem direito ao rendimento de R$ 1,17 por cota, destinado a quem tinha posi\u00e7\u00e3o no dia 30 de outubro e com pagamento em 16 de novembro. A cota\u00e7\u00e3o caiu de R$ 149,50 para R$ 144,62, uma baixa de 3,26%. Considerando o direito ao rendimento destacado, a varia\u00e7\u00e3o econ\u00f4mica simples seria pr\u00f3xima de \u22122,48%, antes de impostos e custos.<\/p>\n

Para o ETF, o rendimento a receber integra o patrim\u00f4nio.<\/p>\n

Juros mais persistentes atingem o valor dos im\u00f3veis listados<\/h2>\n

As expectativas para 2027 ficaram mais pressionadas. A mediana para o IPCA passou de 4,34% para 4,76%, enquanto a previs\u00e3o de Selic no fim daquele ano subiu de 11,75% para 12,50%. Uma trajet\u00f3ria de juros mais alta aumenta a remunera\u00e7\u00e3o exigida para carregar ativos imobili\u00e1rios e reduz o valor presente de receitas futuras, mesmo sem mudan\u00e7a imediata nos contratos de aluguel.<\/p>\n

No XFIX11, a composi\u00e7\u00e3o de setembro mostrava exposi\u00e7\u00e3o econ\u00f4mica de aproximadamente 8,72% ao KNCR11, 5,37% ao BTLG11, 5,16% ao HGLG11 e 4,90% ao XPML11, incluindo cotas cedidas em empr\u00e9stimo. A presen\u00e7a de receb\u00edveis ligados ao CDI diferencia a carteira de uma sele\u00e7\u00e3o exclusivamente de tijolo, mas n\u00e3o assegura estabilidade dos pre\u00e7os: risco de cr\u00e9dito, negocia\u00e7\u00e3o e juros tamb\u00e9m importam.<\/p>\n

 <\/p>\n

\n

Conte\u00fado informativo. N\u00e3o constitui recomenda\u00e7\u00e3o de investimento.<\/em><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

HERT11 perdeu 2,89% e XFIX11 recuou 2,72% no preg\u00e3o de ter\u00e7a-feira. A an\u00e1lise das posi\u00e7\u00f5es revela press\u00e3o sobre im\u00f3veis de log\u00edstica, shoppings e fundos h\u00edbridos<\/p>\n","protected":false},"featured_media":2711,"template":"","categories":[74],"tag_noticias":[73,63,41],"class_list":["post-3045","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","category-brasil","tag_noticias-analise","tag_noticias-hedge-investments","tag_noticias-xp-asset"],"yoast_head":"\nHERT11 e XFIX11 caem mais de 2,7%; galp\u00f5es e shoppings mostram de onde veio a press\u00e3o - DEX | Portal de ETFs<\/title>\n<meta name=\"description\" content=\"HERT11 perdeu 2,89% e XFIX11 recuou 2,72% no preg\u00e3o de ter\u00e7a-feira. 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