Brazil Consumer ETF (BRAQ) Debuts

Today marks another development in the emerging market ETF boom; Global X, the New York-based firm that burst on to the ETF scene with sector-specific China ETFs, is now tackling the Brazilian market. Two weeks after debuting the Brazil Mid Cap ETF (BRAZ), Global X announced today the launch of the Brazil Consumer ETF (BRAQ). This ETF joins the Brazil Infrastructure Index Fund (BRXX) as the only funds offering targeted exposure to sectors of the Brazilian economy, providing additional options for investing in one of the largest and most unique emerging economies [see all ETFs in the Latin America Equities ETFdb Category]. BRAQ tracks the Solactive Brazil Consumer Index, a benchmark designed to reflect the performance of Brazil’s consumer sector. The ETF will track at least 20 companies and at most 40 companies in Brazil. BRAQ has the highest weights in the food and beverage [...] Click here to read the original article on ETFdb.com. Related Stories: Global X Launches Brazil Mid Cap ETF (BRAZ) Emerging Global Launches Brazil Infrastructure ETF (BRXX) Brazil ETFs: Big Returns Come In Small Caps