BM&FBOVESPA Exchange Traded Funds (ETFs) reached a record BRL 942.43 billion financial volume in April, in 28,969 trades and 14,734,230 units. The financial volume figure surpassed by 7.5% the previous record of BRL 876.25 million, of February 2011.
Average daily financial volume in the BRAX11, CSMO11, MOBI11, BOVA11, SMAL11, MILA11, PIBB11 and FIND11 ETFs was also a record in April at BRL 49.65 million, up 13% on the previous record of BRL 43.81 million, in February.
The most-traded ETF in April was BOVA11, which tracks the Ibovespa index. There were 25,650 transactions, with 12,235,830 units and a record financial volume of BRL 814.49 million, surpassing the previous record of BRL 779.92 million in February 2011. The PIBB11 fund which tracks the IBrX-50 index was the second-most traded in April, at 1,401 trades and a financial volume of BRL 80.66 million.
There was a 7.7% participation of individual investors in the total volume of ETFs in April. Institutional investors continued to lead, at 46.3%, followed by financial institutions (23.1%), foreign investors (21.8%) and public and private-sector companies (1.1%).