Emerging Global Shares Launches Brazil Infrastructure ETF

Emerging Global Shares has launched the Brazil Infrastructure Index Exchange-Traded Fund (NYSE: BRXX).

The fund invests in 30 of the largest publicly traded companies dedicated to the infrastructure industry in Brazil, and is designed to track the performance of the INDXX Brazil Infrastructure Index, according to an announcement.

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 December 31, 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.

Other funds launched by Emerging Global Shares include the China Infrastructure Fund (CHXX) (see “China Infrastructure ETF Launches”), 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 Emerging Markets Titans Composite Index Fund (EEG).

More information is available at www.egshares.com.