The Brazil Infrastructure Index ETF invests in 30 of the largest publicly traded companies dedicated to the infrastructure industry in Brazil and is designed to track the performance of the INDXX Brazil Infrastructure Index.
Robert Holderith, president and CEO of EG Shares, said: “Like China, Brazil has a rapidly growing middle class that demands the foundation of a functional and modern economy of a developed nation. Further, given the nation’s large population and urbanization trends, Brazil is greatly behind in its timeline to build out major infrastructure projects, all of which further emphasizes the need to expand their internal infrastructure system.”
Richard Kang, CIO and director of research at Emerging Global Advisors, said: “The opportunity in Brazil is about more than the upcoming World Cup and Olympic games. The Brazilian government has committed resources to their infrastructure expansion, and it’s in the interest of the government, the country’s growing corporate sector and the average citizen that this build out happen, and happen fast.”
Emerging Global Advisors is an independent investment advisory firm and the sponsor of the Emerging Global Shares family of exchange-traded funds.
