NEW YORK -- Emerging Global Shares (EG Shares), the first dedicated emerging markets sector ETF provider, today launched the Brazil Infrastructure Index Exchange-Traded Fund (NYSE: BRXX), the first ETF focused solely on the infrastructure sector in Brazil. The Fund invests in 30 of the largest publicly traded companies dedicated to the infrastructure industry in that country, and is designed to track the performance of the INDXX Brazil Infrastructure Index.
鈥淟ike China, Brazil has a rapidly growing middle class that demands the rolex fake foundation of a functional and modern economy of a developed nation,鈥? said Robert Holderith, President and CEO of EG Shares. "Further, given the nation鈥檚 large population and urbanization trends, Brazil is greatly behind in its timeline to build out major infrastructure projects, all of which further emphasizes the need to expand their internal infrastructure system.鈥?
The Brazil Infrastructure Index has an average market capitalization of $11.7 billion and the Fund charges a net expense ratio of 0.85%* (gross expense ratio: 1.10%). The top five industry weightings of the Index, as of 12/31/09, are Metals & Mining (14.25%), Diversified Telecommunications (14.18%), Electric Utilities (12.25%), Independent Power Producers (11.27%) and Transportation Infrastructure (8.15%), followed by Wireless Telecommunication Services, Machinery, Water Utilities, Aerospace & Defense, and Media.
According to Richard Kang, CIO and Director of Research at Emerging Global Advisors, 鈥淭he opportunity in Brazil is about more than the upcoming World Cup and Olympic games. The Brazilian government has committed resources to their infrastructure expansion, and it鈥檚 in the interest of the government, the country鈥檚 growing corporate sector and the average citizen that this build out happen, and happen fast.鈥?
The Emerging Global Shares Brazil Infrastructure Index Fund is the sixth ETF to be introduced by Emerging Global Shares. Other funds include the Emerging Global Shares China Infrastructure Fund (CHXX), Emerging Global Shares Emerging Markets Metals & Mining Fund (EMT), Emerging Global Shares Emerging Markets Energy Fund (EEO), Emerging Global Shares Emerging Markets Financials Fund (EFN) and the Emerging Global Shares replica breitling Emerging Markets Titans Composite Index Fund (EEG).
About Emerging Global Advisors LLC
Emerging Global Advisors LLC is an independent investment advisory firm and the sponsor of the Emerging Global Shares family of Exchange-Traded Funds. The firm's thematic research focuses primarily on investor opportunities in the emerging markets. More information on the firm and its ETF products can be found at . The Emerging Global Shares Exchange-Traded Funds are distributed by ALPS Distributors, Inc. Richard Kang and Robert Holderith are registered representatives of ALPS Distributors, Inc.
Carefully consider the Fund's investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Funds' prospectuses, which may be obtained by calling 1-888-800-4EGS (4347) or by visiting the fund's website to view or download a prospectus. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal. These funds are new and not suitable for all investors.
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