BRAZIL - Next area play? Message Board

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Gold/Mining/Energy : BRAZIL - Next area play?

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From: JakeStraw	3/2/2010 2:28:13 PM
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A week after launching the China Infrastructure ETF (NYSE: CHXX), Emerging Global Advisors introduced the Brazil Infrastructure ETF (NYSE: BRXX) on Wednesday. BRXX is the first exchange-traded product to offer sector-specific exposure to Brazilian equity markets, and will seek to replicate the performance of the INDXX Brazil Infrastructure Index. This benchmark is a free-float capitalization weighted benchmark consisting of 30 companies deemed to be representative of Brazil’s infrastructure sector. With Brazil gearing up to host the 2014 World Cup and 2016 Summer Olympics, infrastructure spending is expected to surge in coming years. Federal, state, and municipal governments have committed to spending some $14 billion to ready Rio for the Olympic games, including transportation systems, urban redevelopment, and sports facilities themselves. In recent months, major blackouts have raised concerns over the levels of upgrades needed to the energy infrastructure, while others have expressed skepticism over the country’s ability to host such events. finance.yahoo.com

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