Van Eck Global has introduced the Market Vectors Brazil Small-Cap ETF (BRF), the first U.S.-listed ETF to focus on Brazilian small-cap stocks.
BRF and its underlying index (Market Vectors Brazil Small-Cap Index, MVRIO) are designed to give investors exposure to domestic investment themes and opportunities, such as the growth potential in Brazil’s homebuilding and consumer goods sectors.
The underlying index holds 52 stocks, with Ultrapar Participacoes, Eletropaulo Metropolitana and Cyrela Brazil Realty being the top three holdings.
The largest Brazil ETF traded in the U.S. is the iShares MSCI Brazil Index Fund (EWZ). Stocks within the fund have a median market capitalization size of $2.23 billion.
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EWZ has $3.30 billion in assets and charges an annual expense ratio of 0.63 percent.
Emerging market stocks have been one of the best performing equity segments so far in 2009.