Global X Brazil Consumer ETF (BRAQ) is up 80.2%
BRAQ is designed to offer investors direct exposure to the Brazilian consumer market. The fund owns companies that provide goods and services to consumers. It’s the only one of its kind.
The portfolio limits single-security weightings at 4.75% in an effort to minimize concentration and single-stock risk seen in this segment.
Consumer staples is the fund’s largest sector bet, at nearly 50% of the portfolio, followed by consumer discretionary, industrials, energy and health care names. The 28-holding portfolio has a weighted average market cap of $7.4 billion.
BRAQ, which came to market in 2010, has only $5.6 million in assets. The fund isn’t all that liquid either. It trades with an average spread of 1.38%, with a daily volume averaging $27,620. BRAQ costs 0.77% in expense ratio.
Global X Brazil Mid Cap ETF (BRAZ) is up 74.2%
BRAZ focuses on Brazil’s midcap segment. The fund’s weighted average market cap is $6.2 billion. BRAZ is also the only midcap Brazil fund in the market, but that hasn’t translated into overwhelming popularity.
Launched in 2010, this ETF still has only $4.6 million in assets. Its daily trading volume averages less than $50,000, trading with an average spread of 0.83%. BRAZ costs 0.69% in expense ratio.
From a sector perspective, BRAZ has a big allocation to utilities, at about 20%. Consumer discretionary and financials follow, with a combined 33% weighting.