B3 reported that indices linked to cattle futures, state-owned companies and utilities led its performance rankings in the first half of 2026. Several of the leading benchmarks already support listed ETFs, including BBOI11, SPUB11, UTIL11, GOVE11 and fixed-income products.
In a separate official market update, B3 said its ETF shelf reached 204 products at the end of June, up 55.7% year on year. ETF assets were R$126 billion, 96.9% higher than a year earlier; 870,000 investors held positions, up 34.9%; and first-half average daily trading value increased 16% to R$1.85 billion.
FMI WORLD analysis: B3’s index catalogue is becoming a product-development layer for the exchange. Benchmarks allow domestic themes, sectors and fixed-income strategies to be packaged into listed funds, potentially generating licensing income while expanding issuers’ product shelf and trading activity.
The market-wide growth figures do not prove that every proprietary B3 index is commercially successful. Assets and liquidity remain concentrated in established products, and performance-led communications can encourage product interest without demonstrating persistent demand. The strategic test is conversion from benchmark creation into durable assets, liquidity and licensing economics.
Brazilian and Latin American index providers, ETF issuers, asset managers, market makers, brokers, retail and institutional investors, and exchange groups seeking recurring product revenues.
Watch new ETF launches tied to B3 proprietary indices, assets and flows by benchmark family, trading concentration, spreads, market-maker participation and whether thematic or fixed-income products gain scale beyond the established Ibovespa-linked funds. FMIWT-20260812-002.