Brazil is one of the countries I have been following closely for the past 6 months. Brazil is preparing for the 2014 World Cup and the 2016 Summer Olympics. This will require the country to engage in lots of infrastructure projects. An ETF launched in February of this year precisely tracks the infrastructure industry in this country by investing in 30 leading companies from various sectors (electricity, gas, water, utilities, industrial transportation, telecom, metals and mining,...): the "Emerging Global Shares Indxx Brazil Infrastructure Index ETF" (ticker: BRXX, listed on the NYSE).
Top 10 holdings include: Cia de Concessoes Rodoviarias, Ultrapar Participaoes, Vale, Empresa Brasileira de Aeronautica, Tractebel Energia, Weg, AES Tiete, Cia Siderurgica Nacional.
Detailed information
here.
I am buying this ETF today for my portfolio at the price of USD 25.1 for a total of USD 10,000.
Stop loss: $22.5. I am buying for the long-term (several years).
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