NEW YORK ( TheStreet) -- Emerging Global Shares has started selling the INDXX Brazil Infrastructure Index Fund (BRXX), its second country-specific infrastructure exchange traded fund. The ETF is more useful than the iShares MSCI Brazil Index Fund (EWZ) and overshadows China.Brazil, as one of the BRIC countries -- Brazil, Russia, India and China -- is a popular investment destination, its benchmark stock-market index having quadrupled in the past decade. Brazil's catalyst is that it has stuff (natural resources) that other countries (such as China) need. The mining boom means Brazil is getting richer, resulting in the improvement of living standards for Brazilians. There's a burgeoning middle class and a modernization of infrastructure. This is happening in many countries around the world. The difference is Brazil's place in the process.
Brazil Knocks China Down a Few Rungs
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