Key Insights
The South America ETF market, valued at $9.24 billion in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) exceeding 5% from 2025 to 2033. This growth is fueled by increasing investor interest in emerging markets, particularly those demonstrating strong economic fundamentals and diversification benefits. The region's diverse economies, ranging from Brazil's robust financial sector to Chile's resource-rich landscape, present attractive investment opportunities. Furthermore, the rise of fintech and improved market accessibility through online brokerage platforms are lowering barriers to entry for retail investors, further stimulating demand for South America ETFs. Major players like Banco do Brasil, iShares (BlackRock), and Itaú Asset Management are key contributors to the market's growth, offering a diverse range of products catering to varied investor risk profiles and investment strategies. However, macroeconomic uncertainties inherent in emerging markets, including political instability and currency fluctuations, pose potential challenges to market expansion.
Despite these challenges, the long-term outlook remains positive. The ongoing development of infrastructure projects across South America, coupled with increasing foreign direct investment, is expected to fuel further economic growth and attract more ETF investment. The segment diversification within the South America ETF market— encompassing various sectors like financials, materials, and consumer staples — further enhances its appeal to diversified investment portfolios seeking exposure to the region's diverse economic landscape. Competitive pricing strategies and innovation in ETF product offerings are likely to remain key factors in shaping the market's future trajectory. Continued market monitoring and strategic adjustments by key players will be crucial to navigate the inherent complexities of the South American investment landscape and capitalize on long-term growth opportunities.

South America ETF Industry: A Comprehensive Market Report (2019-2033)
This insightful report provides a detailed analysis of the South America ETF industry, offering a comprehensive overview of its current state and future trajectory. Spanning the period from 2019 to 2033, with a base year of 2025 and a forecast period of 2025-2033, this study unveils crucial market dynamics, growth drivers, and potential challenges. The report is essential for stakeholders, investors, and industry professionals seeking to understand and capitalize on opportunities within this rapidly evolving market. The total market size is projected to reach xx Million by 2033.
South America ETF Industry Market Composition & Trends
This section delves into the competitive landscape of the South American ETF market, examining market concentration, innovation drivers, regulatory frameworks, and the role of mergers and acquisitions (M&A). We analyze the market share distribution among key players, including Banco Do Brasil, iShares - BlackRock, Itau Asset Management, Direxion, Deutsche Asset & Wealth Management, First Trust, Global X, Van Eck, ProShares, and WisdomTree, among others. The analysis incorporates data on M&A deal values over the historical period (2019-2024), providing a clear picture of market consolidation.
- Market Concentration: Analysis of market share held by top 5 players, revealing dominance levels and competitive intensity. Estimated 2025 market share: BlackRock (xx%), Itau (xx%), Banco do Brasil (xx%), others (xx%).
- Innovation Catalysts: Examination of technological advancements and product innovation driving market growth, including the rise of thematic ETFs and sustainable investing.
- Regulatory Landscape: Assessment of regulatory changes and their impact on market access, product offerings, and overall market dynamics across different South American nations.
- Substitute Products: Identification and evaluation of alternative investment vehicles competing with ETFs in the region.
- End-User Profiles: Profiling of various investor groups (institutional, retail, etc.) and their investment preferences within the South American ETF market.
- M&A Activities: Detailed analysis of significant M&A transactions (2019-2024) with estimated deal values. Total M&A deal value for the period is estimated at xx Million.

South America ETF Industry Industry Evolution
This section charts the evolution of the South American ETF market, examining market growth trajectories from 2019 to 2033. The analysis explores the influence of technological advancements, shifting consumer preferences (towards passive investing, ESG factors, etc.), and the impact of macroeconomic conditions. Growth rates for different segments are presented, supported by quantifiable data on ETF adoption rates and assets under management (AUM). We project a Compound Annual Growth Rate (CAGR) of xx% from 2025 to 2033. Specific factors driving this growth, including increased financial literacy and the growing popularity of passive investing strategies will be analyzed. The impact of emerging technologies like blockchain and AI on ETF trading and operations will also be examined.
Leading Regions, Countries, or Segments in South America ETF Industry
This section identifies the dominant regions, countries, and segments within the South American ETF market. Brazil is expected to remain the leading market, followed by [Country 2] and [Country 3].
- Key Drivers for Brazil's Dominance:
- Largest and most developed capital market in South America.
- Strong regulatory support for ETF development.
- Increasing sophistication of local investors.
- High growth potential of the Brazilian economy.
- Other Prominent Markets: Analysis of growth drivers in other South American countries (e.g., Colombia, Peru, Chile). These factors will include economic growth, regulatory developments and investor sentiment in these respective markets.
- Segment Analysis: Breakdown of market share based on asset classes (equity, fixed income, commodity), investment strategies (e.g., thematic ETFs, sector-specific ETFs). Details on growth rates for each segment in 2025 and beyond will be provided.
South America ETF Industry Product Innovations
The South American ETF market is witnessing significant product innovation. New ETFs focusing on specific sectors (e.g., technology, renewable energy), thematic strategies (e.g., ESG, Fintech), and country-specific indices are being introduced. The incorporation of technological advancements like blockchain for improved transparency and security is further enhancing the appeal and efficiency of these products. This section will detail specific examples of innovative ETF product launches, highlighting their unique selling propositions and performance metrics.
Propelling Factors for South America ETF Industry Growth
Several factors are driving the growth of the South American ETF market. These include rising investor interest in passive investment strategies, increasing financial literacy, supportive government regulations, and the expansion of digital brokerage platforms. Technological advancements are also playing a significant role by improving ETF trading efficiency and reducing costs. Furthermore, economic growth in several South American countries is stimulating higher investment activity.
Obstacles in the South America ETF Industry Market
Despite its growth potential, the South American ETF market faces challenges. Regulatory hurdles in certain countries, limited investor awareness in some regions, and volatility in the overall market conditions pose obstacles to rapid expansion. Competition from other investment products and currency fluctuations also present significant challenges. We will quantify the impact of these constraints on market growth in 2025 and beyond.
Future Opportunities in South America ETF Industry
The South American ETF industry presents several exciting opportunities. Expansion into under-served markets, the launch of innovative product offerings (including actively managed ETFs and fixed-income ETFs), and increasing adoption of ESG investing strategies are among the significant avenues for future growth. Developing fintech solutions to improve market access and investor education are also essential aspects for realizing future market potential.
Major Players in the South America ETF Industry Ecosystem
- Banco Do Brasil
- iShares - BlackRock
- Itau Asset Management
- Direxion
- Deutsche Asset & Wealth Management
- First Trust
- Global X
- Van Eck
- ProShares
- WisdomTree
- List Not Exhaustive
Key Developments in South America ETF Industry Industry
- November 2022: Galaxy And Itau partnered to develop a comprehensive suite of Brazilian-listed, physically backed, digital asset exchange-traded funds. This development signifies a push toward digital asset integration within the South American ETF landscape.
- April 2023: Xtrackers by DWS Launches UCITS ETFs in Brazil. This launch broadened the product range available to investors, attracting international investment.
Strategic South America ETF Industry Market Forecast
The South American ETF market is poised for substantial growth over the forecast period (2025-2033). Continued regulatory support, rising investor interest, and the emergence of innovative products will fuel this expansion. The market is expected to benefit from increased financial inclusion, further enhancing its overall potential. Brazil's role as a leading market will continue to drive overall growth, but other countries will also contribute to the market’s overall trajectory.
South America ETF industry Segmentation
-
1. Types of ETFs
- 1.1. Fixed Income ETFs
- 1.2. Equity ETFs
- 1.3. Commodity ETFs
- 1.4. Alternatives ETFs
- 1.5. Money Market ETFs
- 1.6. Mixed Assets ETFs
- 1.7. Other Type of ETFs
-
2. Geography
- 2.1. Argentina ETFs
- 2.2. Brazil ETFs
- 2.3. Chile ETFs
- 2.4. Colombia ETFs
- 2.5. Peru ETFs
South America ETF industry Segmentation By Geography
- 1. Argentina ETFs
- 2. Brazil ETFs
- 3. Chile ETFs
- 4. Colombia ETFs
- 5. Peru ETFs

South America ETF industry REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of > 5.00% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increased Transparency and the Ability to Trade Throughout the Day; Increased Demand for Low-Cost and Diversified Investment Options
- 3.3. Market Restrains
- 3.3.1. Increased Transparency and the Ability to Trade Throughout the Day; Increased Demand for Low-Cost and Diversified Investment Options
- 3.4. Market Trends
- 3.4.1. Increase in Number of ETFs
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. South America ETF industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Types of ETFs
- 5.1.1. Fixed Income ETFs
- 5.1.2. Equity ETFs
- 5.1.3. Commodity ETFs
- 5.1.4. Alternatives ETFs
- 5.1.5. Money Market ETFs
- 5.1.6. Mixed Assets ETFs
- 5.1.7. Other Type of ETFs
- 5.2. Market Analysis, Insights and Forecast - by Geography
- 5.2.1. Argentina ETFs
- 5.2.2. Brazil ETFs
- 5.2.3. Chile ETFs
- 5.2.4. Colombia ETFs
- 5.2.5. Peru ETFs
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Argentina ETFs
- 5.3.2. Brazil ETFs
- 5.3.3. Chile ETFs
- 5.3.4. Colombia ETFs
- 5.3.5. Peru ETFs
- 5.1. Market Analysis, Insights and Forecast - by Types of ETFs
- 6. Argentina ETFs South America ETF industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Types of ETFs
- 6.1.1. Fixed Income ETFs
- 6.1.2. Equity ETFs
- 6.1.3. Commodity ETFs
- 6.1.4. Alternatives ETFs
- 6.1.5. Money Market ETFs
- 6.1.6. Mixed Assets ETFs
- 6.1.7. Other Type of ETFs
- 6.2. Market Analysis, Insights and Forecast - by Geography
- 6.2.1. Argentina ETFs
- 6.2.2. Brazil ETFs
- 6.2.3. Chile ETFs
- 6.2.4. Colombia ETFs
- 6.2.5. Peru ETFs
- 6.1. Market Analysis, Insights and Forecast - by Types of ETFs
- 7. Brazil ETFs South America ETF industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Types of ETFs
- 7.1.1. Fixed Income ETFs
- 7.1.2. Equity ETFs
- 7.1.3. Commodity ETFs
- 7.1.4. Alternatives ETFs
- 7.1.5. Money Market ETFs
- 7.1.6. Mixed Assets ETFs
- 7.1.7. Other Type of ETFs
- 7.2. Market Analysis, Insights and Forecast - by Geography
- 7.2.1. Argentina ETFs
- 7.2.2. Brazil ETFs
- 7.2.3. Chile ETFs
- 7.2.4. Colombia ETFs
- 7.2.5. Peru ETFs
- 7.1. Market Analysis, Insights and Forecast - by Types of ETFs
- 8. Chile ETFs South America ETF industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Types of ETFs
- 8.1.1. Fixed Income ETFs
- 8.1.2. Equity ETFs
- 8.1.3. Commodity ETFs
- 8.1.4. Alternatives ETFs
- 8.1.5. Money Market ETFs
- 8.1.6. Mixed Assets ETFs
- 8.1.7. Other Type of ETFs
- 8.2. Market Analysis, Insights and Forecast - by Geography
- 8.2.1. Argentina ETFs
- 8.2.2. Brazil ETFs
- 8.2.3. Chile ETFs
- 8.2.4. Colombia ETFs
- 8.2.5. Peru ETFs
- 8.1. Market Analysis, Insights and Forecast - by Types of ETFs
- 9. Colombia ETFs South America ETF industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Types of ETFs
- 9.1.1. Fixed Income ETFs
- 9.1.2. Equity ETFs
- 9.1.3. Commodity ETFs
- 9.1.4. Alternatives ETFs
- 9.1.5. Money Market ETFs
- 9.1.6. Mixed Assets ETFs
- 9.1.7. Other Type of ETFs
- 9.2. Market Analysis, Insights and Forecast - by Geography
- 9.2.1. Argentina ETFs
- 9.2.2. Brazil ETFs
- 9.2.3. Chile ETFs
- 9.2.4. Colombia ETFs
- 9.2.5. Peru ETFs
- 9.1. Market Analysis, Insights and Forecast - by Types of ETFs
- 10. Peru ETFs South America ETF industry Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Types of ETFs
- 10.1.1. Fixed Income ETFs
- 10.1.2. Equity ETFs
- 10.1.3. Commodity ETFs
- 10.1.4. Alternatives ETFs
- 10.1.5. Money Market ETFs
- 10.1.6. Mixed Assets ETFs
- 10.1.7. Other Type of ETFs
- 10.2. Market Analysis, Insights and Forecast - by Geography
- 10.2.1. Argentina ETFs
- 10.2.2. Brazil ETFs
- 10.2.3. Chile ETFs
- 10.2.4. Colombia ETFs
- 10.2.5. Peru ETFs
- 10.1. Market Analysis, Insights and Forecast - by Types of ETFs
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 Banco Do Brasil
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 iShares - BlackRock
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Itau Asset Management
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Direxion
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Deutsche Asset & Wealth Management
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 First Trust
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Global X
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Van Eck
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 ProShares
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 WisdomTree**List Not Exhaustive
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Banco Do Brasil
List of Figures
- Figure 1: South America ETF industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: South America ETF industry Share (%) by Company 2024
List of Tables
- Table 1: South America ETF industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: South America ETF industry Volume Billion Forecast, by Region 2019 & 2032
- Table 3: South America ETF industry Revenue Million Forecast, by Types of ETFs 2019 & 2032
- Table 4: South America ETF industry Volume Billion Forecast, by Types of ETFs 2019 & 2032
- Table 5: South America ETF industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 6: South America ETF industry Volume Billion Forecast, by Geography 2019 & 2032
- Table 7: South America ETF industry Revenue Million Forecast, by Region 2019 & 2032
- Table 8: South America ETF industry Volume Billion Forecast, by Region 2019 & 2032
- Table 9: South America ETF industry Revenue Million Forecast, by Types of ETFs 2019 & 2032
- Table 10: South America ETF industry Volume Billion Forecast, by Types of ETFs 2019 & 2032
- Table 11: South America ETF industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 12: South America ETF industry Volume Billion Forecast, by Geography 2019 & 2032
- Table 13: South America ETF industry Revenue Million Forecast, by Country 2019 & 2032
- Table 14: South America ETF industry Volume Billion Forecast, by Country 2019 & 2032
- Table 15: South America ETF industry Revenue Million Forecast, by Types of ETFs 2019 & 2032
- Table 16: South America ETF industry Volume Billion Forecast, by Types of ETFs 2019 & 2032
- Table 17: South America ETF industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 18: South America ETF industry Volume Billion Forecast, by Geography 2019 & 2032
- Table 19: South America ETF industry Revenue Million Forecast, by Country 2019 & 2032
- Table 20: South America ETF industry Volume Billion Forecast, by Country 2019 & 2032
- Table 21: South America ETF industry Revenue Million Forecast, by Types of ETFs 2019 & 2032
- Table 22: South America ETF industry Volume Billion Forecast, by Types of ETFs 2019 & 2032
- Table 23: South America ETF industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 24: South America ETF industry Volume Billion Forecast, by Geography 2019 & 2032
- Table 25: South America ETF industry Revenue Million Forecast, by Country 2019 & 2032
- Table 26: South America ETF industry Volume Billion Forecast, by Country 2019 & 2032
- Table 27: South America ETF industry Revenue Million Forecast, by Types of ETFs 2019 & 2032
- Table 28: South America ETF industry Volume Billion Forecast, by Types of ETFs 2019 & 2032
- Table 29: South America ETF industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 30: South America ETF industry Volume Billion Forecast, by Geography 2019 & 2032
- Table 31: South America ETF industry Revenue Million Forecast, by Country 2019 & 2032
- Table 32: South America ETF industry Volume Billion Forecast, by Country 2019 & 2032
- Table 33: South America ETF industry Revenue Million Forecast, by Types of ETFs 2019 & 2032
- Table 34: South America ETF industry Volume Billion Forecast, by Types of ETFs 2019 & 2032
- Table 35: South America ETF industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 36: South America ETF industry Volume Billion Forecast, by Geography 2019 & 2032
- Table 37: South America ETF industry Revenue Million Forecast, by Country 2019 & 2032
- Table 38: South America ETF industry Volume Billion Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the South America ETF industry?
The projected CAGR is approximately > 5.00%.
2. Which companies are prominent players in the South America ETF industry?
Key companies in the market include Banco Do Brasil, iShares - BlackRock, Itau Asset Management, Direxion, Deutsche Asset & Wealth Management, First Trust, Global X, Van Eck, ProShares, WisdomTree**List Not Exhaustive.
3. What are the main segments of the South America ETF industry?
The market segments include Types of ETFs, Geography.
4. Can you provide details about the market size?
The market size is estimated to be USD 9.24 Million as of 2022.
5. What are some drivers contributing to market growth?
Increased Transparency and the Ability to Trade Throughout the Day; Increased Demand for Low-Cost and Diversified Investment Options.
6. What are the notable trends driving market growth?
Increase in Number of ETFs.
7. Are there any restraints impacting market growth?
Increased Transparency and the Ability to Trade Throughout the Day; Increased Demand for Low-Cost and Diversified Investment Options.
8. Can you provide examples of recent developments in the market?
April 2023: Xtrackers by DWS Launches (Undertakings for the Collective Investment in Transferable Securities) UCITS exchange-traded funds (ETFs) in Brazil.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 4950, and USD 6800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in Billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "South America ETF industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the South America ETF industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the South America ETF industry?
To stay informed about further developments, trends, and reports in the South America ETF industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence