Brazilian investment firm XP Investimentos is launching a COE (certificate of structured operations) linked to a customised commodity global exchange-traded fund (ETF).

The structured note will launch on 15 March 2021 and will track the performance of the Solactive XP Indice de Commodities VT 15% (SOLXPCOM). The underlying is the firm’s second customised index while the first was created to track technology under the ticker SOLXPTEC XP is the first Brazilian bank to debut such an index in the domestic market, while the theme was inspired by the potential theory of a new commodity cycle of which there are many interested investors, both retail and institu

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