Van Eck releases ETF on Brazilian investment themes

Van Eck Global has launched the Market Vectors Brazil Small-Cap ETF on NYSE Arca, providing concentrated exposure to domestic Brazilian investment themes. The ETF replicates the price and yield performance of the Market Vectors Brazil Small-Cap Index (MVRIO), which comprises of publicly traded small-cap companies that are domiciled and primarily listed in Brazil, or produce at least 50% of their revenues in the country. The rules-based, small-cap index avoids heavy weightings in commodities and materials, while focusing on companies with performances propelled by local trends. ...