NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the Global X Brazil Mid Cap ETF(Ticker: BRAZ). The ETF is sponsored by Global X Funds…..
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The fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Brazil Mid Cap Index. The index is designed to reflect the performance of Brazilian mid cap companies. It is comprised of the 40 highest ranked companies whose market capitalization is less than $ 10 billion as of the date of its inclusion in the index. The index is comprised of companies that are domiciled or have their main business operations in Brazil . The stocks are screened for liquidity and weighted according to free-float market capitalization. The index is maintained by Structured Solutions AG.
Source: ETFWorld – NYSE Arca
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