NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the Global 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.