Brazil ETF List

by Manshu on October 15, 2009

in ETF

There has been some interest of late in Brazil ETFs, because of their winning bid for 2016 Olympics. There are just two options as far as ETFs that solely focus on Brazil go, and even if you include Latin American ETFs – the options are still very few.

Here is a list of ETFs that will give you exposure to Brazil.

iShares MSCI Brazil Index Fund (EWZ): This is a Brazil ETF by iShares that tracks an underlying index, which aims to capture 85% of the total market capitalization of the Brazilian equity market. The expense ratio of this ETF is 0.63%.

Brazil Small Cap ETF (BRF): This is a Van Eck ETF, that provides exposure to publicly traded small cap companies that are domiciled and primarily listed on an exchange in Brazil, or which derive at least 50% of its revenues from Brazil. The net expense ratio of this Brazil ETF is 0.73%.

iShares S&P Latin America 40 Index Fund (ILF): This is an ETF that will give you exposure to a host of Latin American countries, but is not restricted to Brazil alone. Brazil does however constitute the largest portion of its funds (by country) with 60.25% holdings attributed to Brazil. Mexico is second with 26.27% assets (These are figures as of June 30, 2009). The expense ratio of this ETF is 0.50%.

SPDR S&P Emerging Latin America ETF (GML): This is also a Latin America ETF that has Brazil as its largest constituent (by Country). About 67.61% of its assets are allocated to Brazil, followed by Mexico with an allocation of 19.80% as on 09/30/2009.

Proshares Ultrashort MSCI Brazil (BZQ): This ETF is different from all the above ETFs because it is a leveraged short ETF. Simply put, it goes up in value when the Brazilian market goes down, and it moves twice as much its underlying index. You can read more about what I have written about leveraged ETFs here.

Here is a link to the all ETF Lists covered here.

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