Monday, August 30, 2010

BRAZ: New Brazilian Mid Cap ETF launched

Global X has launched another Brazilian ETF, ticker BRAZ:



The Brazil Mid Cap ETF seeks to provide investment results that correspond generally to the price and yield performance, of the Solactive Brazil Mid Cap Index.

The Solactive Brazil Mid Cap Index is designed to reflect the performance of Brazilian mid cap companies. It is comprised of mid-market capitalization securities of companies that are domiciled or have their main business operations in Brazil.

MER is quite reasonable at 0.69%.

Composition:
  • Utilities 20.79%
  • Consumer Staples 17.10%
  • Industrial 16.21%
  • Financial 14.61%
  • Materials 13.76%
  • Consumer Discretionary 8.83%
  • Communications 8.71%
Top Holdings:
  • Cia Energetica de Minas Gerais 5.4%, 
  • CPFL Energia SA 5.1%, 
  • All America Latina Logistica 5.0%, 
  • Metalurigca Gerdau SA-Pref 4.6%
  • Bradespar SA-Pref 4.50%.

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