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Global X Funds launches first Brazil Consumer ETF (BRAQ)
July 8, 2010--Global X Funds, the New York-based provider of Exchange Traded Funds, launched today the Global X Brazil Consumer ETF (ticker: BRAQ). This is the first ETF to offer targeted access to the rapidly growing Brazilian consumer sector.
The Global X Brazil Consumer ETF tracks the Solactive Brazil Consumer Index, which is designed to track the performance of the consumer sector in Brazil. As of June 16, 2010, the largest index components were beverage firm AmBev, food company JBS, and cosmetics firm Natura Cosmeticos.
The Brazilian consumer sector growth rate is expected to outpace the country's overall economic growth rate, according to IBGE and BMI forecasts for private consumption. Since 2004, the country has seen steady increases in private consumption, real wages, urban migration, and job creation, according to Itau Unibanco. The 2014 FIFA World Cup and the 2016 Rio de Janeiro Olympic Games are likely to further contribute to consumption growth in Brazil.
"Brazil is the largest Latin American country by GDP, area, and population. Projections for private spending are favorable, thanks to the trends over the past half decade of rising real wages and disposable income, and falling unemployment," says Bruno del Ama, CEO of Global X Funds. "The Global X Brazil Consumer ETF provides efficient access to these trends."
The Brazil Consumer ETF (BRAQ) is part of a family of Brazil ETFs which includes the Global X Brazil Mid Cap ETF (BRAZ) recently launched June 22, 2010. Other members of the fund family yet to launch include the Brazil Financials, Industrials, Materials, and Utilities ETFs.
Source: Global X
Global X Lists Global X Brazil Consumer ETF on NYSE Arca
July 8, 2010--–- NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading theGlobal X Brazil Consumer ETF (Ticker: BRAQ). The ETF is sponsored by Global X Funds.
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Brazil Consumer Index, which is a free float adjusted, liquidity tested and market capitalization-weighted index that is designed to measure the performance of the consumer sector of the Brazilian economy, as defined by Structured Solutions AG.
Source: NYSE Euronext
BlackRock Enhances Gold Offerings in U.S. to Meet Growing Investor Demand
July 8, 2010--On June 30, 2010, BlackRock announced two new
initiatives to meet the growing demand for gold investing and make the gold market accessible to the broadest group of financial advisors, institutional and individual investors. These
initiatives, which leverage the Firm’s capabilities across the globe and build on BlackRock’s leadership in gold products outside of the U.S. market, involve two distinct investment
offerings for clients looking to invest in gold:
A New U.S. Mutual Fund Focused on Gold-Related Equities: The new BlackRock World Gold Fund in the U.S. invests in equity securities of gold-related companies from around the world
and seeks to maximize total return. The recently-launched Fund is managed by an experienced team of industry specialists — led by Evy Hambro and Catherine Raw — who are part of
BlackRock’s London based Natural Resources Team which manages more than $35 billion in
assets, as of March 31, 2010. Mr. Hambro and Mrs. Raw have extensive experience managing
gold-related products which have historically been marketed and sold outside the U.S.,
including one of the most successful gold funds in the world, and U.S.-based investors can now
access their expertise and insights through the World Gold Fund.
An Enhanced Physical Gold Exchange Traded Offering: The Firm is refining the iShares COMEX Gold Trust (NYSEArca: IAU), which holds physical gold. The enhancements to this product will provide investors with broader access to the gold market and more flexibility in adjusting the gold allocation of their portfolio through the potential for increased liquidity and lower total costs.
The Board of Directors of BlackRock Asset Management International Inc., the sponsor of the
iShares COMEX Gold Trust (NYSEArca: IAU), has approved several changes to the Gold Trust
which include: reducing the share price – and increasing the Trusts’s shares outstanding -
through a previously announced 10-for-1 share split, effective June 24, 2010; and leveraging
BlackRock’s broader platform to drive greater operating efficiencies for the Trust. BlackRock is
passing those cost savings along to investors by reducing the Trust’s sponsor fee from 0.40% to
0.25%, effective July 1, 2010.
Source: BlackRock
iShares files with the SEC
July 8, 2010---iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Utilities Sector Index Fund
Ticker: AXUT
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Source: SEC.gov
iShares files with the SEC
July 8, 2010---iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Telecommunication Services Sector Index Fund
Ticker:AXTE
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Source: SEC.gov
iShares files with the SEC
July 8, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Materials Sector Index Fund
Ticker:AXMT
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Source: SEC.gov
iShares files with the SEC
July 8, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Information Technology Sector Index Fund
Ticker:AXIT
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Source: SEC.gov
iShares files with the SEC
July 8, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Industrials Sector Index Fund
Ticker: AXID
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Source: SEC.gov
iShares files with the SEC
July 8, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Health Care Sector Index Fund
AXHE
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Source: SEC.gov
iShares files with the SEC
July 8, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Energy Sector Index Fund
Ticker: AXEN
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Source: SEC.gov