Market Vectors® Brazil Small-Cap ETF Reaches $1 Billion In Assets
Market Vectors Brazil Small-Cap ETF (NYSE Arca: BRF), distributed by Van Eck Global, has reached $1 billion in assets as of October 5, 2010, the company announced today. BRF was the first ETF listed in the U.S. to focus on Brazilian small-cap stocks.
BRF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Brazil Small-Cap Index (MVRIOTR), a basket of 61* securities of small-capitalization companies that are domiciled and primarily listed on an exchange in Brazil, or that generate at least 50% of revenues in Brazil. BRF seeks to provide investors with exposure to Brazil’s domestic investment themes and opportunities, such as the growth potential in the country’s homebuilding and consumer goods sectors.
“BRF has appealed to investors looking for a different type of exposure to Brazil’s local economy,” said Jan van Eck, Principal of Van Eck Global. “In our view, small-cap stocks represent excellent direct exposure to the Brazilian economy since small-caps are typically driven by local trends. We are pleased to see that the interest in BRF continues to grow among financial advisors and their clients.”
For more information about BRF, visit vaneck.com/brf or call 888.MKT.VCTR.*as of September 30, 2010 About Van Eck Global Founded in 1955, Van Eck was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues its 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized and alternative asset classes. Market Vectors exchange-traded products have been offered by Van Eck Global since 2006 when the firm launched the nation’s first gold-mining ETF. Today, Market Vectors ETFs and ETNs span several asset classes, including equities, municipal and fixed income bonds and currency markets.
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