{"id":970,"date":"2026-08-10T00:09:59","date_gmt":"2026-08-10T03:09:59","guid":{"rendered":"https:\/\/portal-dex2026.mz-sites.com\/noticias\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\/"},"modified":"2026-08-10T00:21:41","modified_gmt":"2026-08-10T03:21:41","slug":"galapagos-lanca-etfs-03bk11-10bk11-duration-constante","status":"publish","type":"noticias","link":"https:\/\/www.dexetfs.com.br\/en\/noticias\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\/","title":{"rendered":"Galapagos Lan\u00e7a ETFs 03BK11 e 10BK11 com Duration Constante na B3"},"content":{"rendered":"<blockquote><p><span data-path-to-node=\"6,0\">A Galapagos Capital expandiu sua grade na B3 com os ETFs 03BK11 e 10BK11, focados em t\u00edtulos p\u00fablicos atrelados \u00e0 infla\u00e7\u00e3o (NTN-B) com v\u00e9rtices constantes de 3 e 10 anos<\/span><span data-path-to-node=\"6,2\">. A tecnologia de <i data-path-to-node=\"6,2\" data-index-in-node=\"18\">duration<\/i> constante otimiza a aloca\u00e7\u00e3o de carteiras, reduzindo custos operacionais e oferecendo efici\u00eancia tribut\u00e1ria sem &#8220;come-cotas&#8221;<\/span><span data-path-to-node=\"6,4\">.<\/span><\/p><\/blockquote>\n<p id=\"p-rc_e9c250fdf1279afd-130\" data-path-to-node=\"8\"><span data-path-to-node=\"8,0\">A B3 recebeu o lan\u00e7amento de dois novos fundos de \u00edndice (ETFs) de renda fixa atrelados \u00e0 infla\u00e7\u00e3o desenvolvidos pela Galapagos Capital: o 03BK11 e o 10BK11<\/span><span data-path-to-node=\"8,2\">. Compostos por t\u00edtulos p\u00fablicos do Tesouro IPCA+ (NTN-B), os produtos oferecem exposi\u00e7\u00e3o aos v\u00e9rtices de tr\u00eas e dez anos da curva de juros reais, respectivamente<\/span><span data-path-to-node=\"8,4\">. O 03BK11 estreia como o primeiro ETF de infla\u00e7\u00e3o constante com prazo de tr\u00eas anos no mercado brasileiro, enquanto o 10BK11 foca no trecho de dez anos<\/span><span data-path-to-node=\"8,6\">. Ambos replicam \u00edndices da Teva \u00cdndices e possuem taxa de administra\u00e7\u00e3o de 0,19% ao ano<\/span><span data-path-to-node=\"8,8\">.<\/span><\/p>\n<p id=\"p-rc_e9c250fdf1279afd-131\" data-path-to-node=\"9\"><span data-path-to-node=\"9,0\">O desenvolvimento dos ve\u00edculos reflete uma transforma\u00e7\u00e3o na din\u00e2mica de constru\u00e7\u00e3o de portf\u00f3lios no pa\u00eds, migrando da escolha de t\u00edtulos individuais para a gest\u00e3o ativa da exposi\u00e7\u00e3o ao risco de juros<\/span><span data-path-to-node=\"9,2\">. Ao analisar esse amadurecimento do mercado local, Bruno Stein, s\u00f3cio e respons\u00e1vel pela \u00e1rea de ETFs da Galapagos Capital, ressaltou o ganho de sofistica\u00e7\u00e3o dos alocadores: \u201cO mercado brasileiro amadureceu e est\u00e1 mais sofisticado, buscando precis\u00e3o na aloca\u00e7\u00e3o. Antes, a maior parte dos investidores comprava um t\u00edtulo e carregava at\u00e9 o vencimento. Hoje, gestores, consultores, assessores e investidores institucionais est\u00e3o cada vez mais preocupados com a exposi\u00e7\u00e3o da carteira, e n\u00e3o apenas com o ativo individual\u201d<\/span><span data-path-to-node=\"9,4\">. O executivo acrescentou que \u201ca l\u00f3gica est\u00e1 migrando da escolha de produtos para a escolha de exposi\u00e7\u00f5es\u201d<\/span><span data-path-to-node=\"9,6\">.<\/span><\/p>\n<p id=\"p-rc_e9c250fdf1279afd-132\" data-path-to-node=\"10\"><span data-path-to-node=\"10,0\">Sob a perspectiva operacional e de efici\u00eancia, os novos ETFs adotam a tecnologia de <i data-path-to-node=\"10,0\" data-index-in-node=\"84\">duration<\/i> constante, conceito consolidado no mercado americano que mant\u00e9m o prazo m\u00e9dio ponderado do fundo fixo ao longo do tempo. A estrutura elimina a necessidade de negocia\u00e7\u00f5es e rolagens sucessivas de t\u00edtulos individuais \u00e0 medida que os pap\u00e9is se aproximam do vencimento. Avaliando os benef\u00edcios da solu\u00e7\u00e3o para os alocadores, Bruno Stein destacou a flexibilidade da ferramenta: \u201cAo combinar os prazos de 3 e 10 anos, o investidor consegue ajustar o n\u00edvel de duration e compor o risco da curva real de juros de forma personalizada e com facilidade operacional\u201d<\/span><span data-path-to-node=\"10,2\">. Stein observou ainda que, em um cen\u00e1rio de juros reais atrativos, os produtos entregam agilidade para rebalanceamentos t\u00e1ticos com redu\u00e7\u00e3o de custos e complexidades operacionais<\/span><span data-path-to-node=\"10,4\">.<\/span><\/p>\n<p data-path-to-node=\"10\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-969 size-full\" src=\"http:\/\/portal-dex2026.mz-sites.com\/wp-content\/uploads\/sites\/1610\/2026\/08\/Screenshot_20260805_175019_Gallery-e1786331352439.jpg\" alt=\"\" width=\"1040\" height=\"1420\" srcset=\"https:\/\/www.dexetfs.com.br\/wp-content\/uploads\/sites\/1610\/2026\/08\/Screenshot_20260805_175019_Gallery-e1786331352439.jpg 1040w, https:\/\/www.dexetfs.com.br\/wp-content\/uploads\/sites\/1610\/2026\/08\/Screenshot_20260805_175019_Gallery-e1786331352439-220x300.jpg 220w, https:\/\/www.dexetfs.com.br\/wp-content\/uploads\/sites\/1610\/2026\/08\/Screenshot_20260805_175019_Gallery-e1786331352439-750x1024.jpg 750w, https:\/\/www.dexetfs.com.br\/wp-content\/uploads\/sites\/1610\/2026\/08\/Screenshot_20260805_175019_Gallery-e1786331352439-768x1049.jpg 768w\" sizes=\"auto, (max-width: 1040px) 100vw, 1040px\" \/><\/p>\n<p id=\"p-rc_e9c250fdf1279afd-133\" data-path-to-node=\"11\"><span data-path-to-node=\"11,0\">Do ponto de vista tribut\u00e1rio e estrutural, os fundos contam com al\u00edquota fixa de 15% de Imposto de Renda, isen\u00e7\u00e3o de IOF e aus\u00eancia de &#8220;come-cotas&#8221;, o que preserva o capital investido para rentabiliza\u00e7\u00e3o cont\u00ednua<\/span><span data-path-to-node=\"11,2\">. A Galapagos Capital, que j\u00e1 ultrapassa a marca de R$ 630 milh\u00f5es sob gest\u00e3o em sua plataforma de ETFs, refor\u00e7ou que os lan\u00e7amentos atenderam a demandas diretas de <i data-path-to-node=\"11,2\" data-index-in-node=\"165\">family offices<\/i> e gestores institucionais por instrumentos precisos de navega\u00e7\u00e3o na curva de juros no Brasil<\/span><span data-path-to-node=\"11,4\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Galapagos Capital expandiu sua grade na B3 com os ETFs 03BK11 e 10BK11, focados em t\u00edtulos p\u00fablicos atrelados \u00e0 infla\u00e7\u00e3o (NTN-B) com v\u00e9rtices constantes de 3 e 10 anos. A tecnologia de duration constante otimiza a aloca\u00e7\u00e3o de carteiras, reduzindo custos operacionais e oferecendo efici\u00eancia tribut\u00e1ria sem &amp;quot;come-cotas&amp;quot;.<\/p>\n","protected":false},"featured_media":0,"template":"","categories":[57,56],"tag_noticias":[39],"class_list":["post-970","noticias","type-noticias","status-publish","hentry","category-interviews","category-launches","tag_noticias-galapagos-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Galapagos Lan\u00e7a ETFs 03BK11 e 10BK11 com Duration Constante na B3 - DEX | Portal de ETFs<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dexetfs.com.br\/en\/noticias\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Galapagos Lan\u00e7a ETFs 03BK11 e 10BK11 com Duration Constante na B3 - DEX | Portal de ETFs\" \/>\n<meta property=\"og:description\" content=\"A Galapagos Capital expandiu sua grade na B3 com os ETFs 03BK11 e 10BK11, focados em t\u00edtulos p\u00fablicos atrelados \u00e0 infla\u00e7\u00e3o (NTN-B) com v\u00e9rtices constantes de 3 e 10 anos. A tecnologia de duration constante otimiza a aloca\u00e7\u00e3o de carteiras, reduzindo custos operacionais e oferecendo efici\u00eancia tribut\u00e1ria sem &amp;quot;come-cotas&amp;quot;.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.dexetfs.com.br\/en\/noticias\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\/\" \/>\n<meta property=\"og:site_name\" content=\"DEX | Portal de ETFs\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-10T03:21:41+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/portal-dex2026.mz-sites.com\/wp-content\/uploads\/sites\/1610\/2026\/08\/Screenshot_20260805_175019_Gallery-e1786331352439.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.dexetfs.com.br\\\/en\\\/noticias\\\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\\\/\",\"url\":\"https:\\\/\\\/www.dexetfs.com.br\\\/en\\\/noticias\\\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\\\/\",\"name\":\"Galapagos Lan\u00e7a ETFs 03BK11 e 10BK11 com Duration Constante na B3 - DEX | Portal de ETFs\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.dexetfs.com.br\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.dexetfs.com.br\\\/en\\\/noticias\\\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.dexetfs.com.br\\\/en\\\/noticias\\\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/portal-dex2026.mz-sites.com\\\/wp-content\\\/uploads\\\/sites\\\/1610\\\/2026\\\/08\\\/Screenshot_20260805_175019_Gallery-e1786331352439.jpg\",\"datePublished\":\"2026-08-10T03:09:59+00:00\",\"dateModified\":\"2026-08-10T03:21:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.dexetfs.com.br\\\/en\\\/noticias\\\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.dexetfs.com.br\\\/en\\\/noticias\\\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.dexetfs.com.br\\\/en\\\/noticias\\\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\\\/#primaryimage\",\"url\":\"http:\\\/\\\/portal-dex2026.mz-sites.com\\\/wp-content\\\/uploads\\\/sites\\\/1610\\\/2026\\\/08\\\/Screenshot_20260805_175019_Gallery-e1786331352439.jpg\",\"contentUrl\":\"http:\\\/\\\/portal-dex2026.mz-sites.com\\\/wp-content\\\/uploads\\\/sites\\\/1610\\\/2026\\\/08\\\/Screenshot_20260805_175019_Gallery-e1786331352439.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.dexetfs.com.br\\\/en\\\/noticias\\\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"In\u00edcio\",\"item\":\"https:\\\/\\\/www.dexetfs.com.br\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Galapagos Lan\u00e7a ETFs 03BK11 e 10BK11 com Duration Constante na B3\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.dexetfs.com.br\\\/#website\",\"url\":\"https:\\\/\\\/www.dexetfs.com.br\\\/\",\"name\":\"DEX | Portal de ETFs\",\"description\":\"The brazilian ETF ecosystem\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.dexetfs.com.br\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Galapagos Lan\u00e7a ETFs 03BK11 e 10BK11 com Duration Constante na B3 - DEX | Portal de ETFs","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.dexetfs.com.br\/en\/noticias\/galapagos-lanca-etfs-03bk11-10bk11-duration-constante\/","og_locale":"en_US","og_type":"article","og_title":"Galapagos Lan\u00e7a ETFs 03BK11 e 10BK11 com Duration Constante na B3 - DEX | Portal de ETFs","og_description":"A Galapagos Capital expandiu sua grade na B3 com os ETFs 03BK11 e 10BK11, focados em t\u00edtulos p\u00fablicos atrelados \u00e0 infla\u00e7\u00e3o (NTN-B) com v\u00e9rtices constantes de 3 e 10 anos. 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