May 2009
Market Vectors TM Brazil Small-Cap: A new equity benchmark to accurately track Brazil
14.05.2009 10:00
Today 4asset-management has launched the Market Vectors TM Brazil Small-Cap Index (MVRIO). It is designed to give investors exposure to domestic investment themes and opportunities, such as the growth potential in Brazil’s homebuilding and consumer goods sectors. MVRIO is well diversified and gives less weighting to heavy commodities and materials like other Brazil-focused indices.
While Energy and Materials account for more than 50 percent of the weighting in the typical Brazil-focused index as of April 30th of this year, the same sector made up just 17 % of MVRIO at that same time. Top industry weightings of MVRIO e.g. included Homebuilding (15%), Packaged Foods and Meats (8%) and Electric Utilities (7%).
The index performance is remarkable, too. YTD the MVRIO (price index) performed 52%, more than 15 percentage points better than other (more large-cap dominated) indices on Brazilian equities.
MVRIO is calculated and maintained by Standard & Poor’s® on behalf of 4asset-management GmbH. At April 30, the Index had an average full market cap of 1.2 billion USD and an average of 610 million USD float market cap.
Details can be obtained here.
The "Market Vectors™" trademark has been licensed by Van Eck Associates Corporation (“Van Eck™”) to 4asset-management GmbH solely for use in connection with Market Vectors Vietnam Index, Market Vectors Indonesia Index, Market Vectors Brazil Small-Cap Index and Market Vectors Emerging Europe ex-Russia Index. Van Eck makes no representation or warranty, express or implied, nor accepts any responsibility, regarding the accuracy or completeness of this website or the indexes. VAN ECK AND ITS AFFILIATES SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS, AND MAKES NO WARRANTY, EXPRESS OR IMPLIED, WITH RESPECT TO THE INDEXES. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL VAN ECK OR ANY OF ITS AFFILIATES HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES OR LOSSES, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF.
While Energy and Materials account for more than 50 percent of the weighting in the typical Brazil-focused index as of April 30th of this year, the same sector made up just 17 % of MVRIO at that same time. Top industry weightings of MVRIO e.g. included Homebuilding (15%), Packaged Foods and Meats (8%) and Electric Utilities (7%).
The index performance is remarkable, too. YTD the MVRIO (price index) performed 52%, more than 15 percentage points better than other (more large-cap dominated) indices on Brazilian equities.
MVRIO is calculated and maintained by Standard & Poor’s® on behalf of 4asset-management GmbH. At April 30, the Index had an average full market cap of 1.2 billion USD and an average of 610 million USD float market cap.
Details can be obtained here.
The "Market Vectors™" trademark has been licensed by Van Eck Associates Corporation (“Van Eck™”) to 4asset-management GmbH solely for use in connection with Market Vectors Vietnam Index, Market Vectors Indonesia Index, Market Vectors Brazil Small-Cap Index and Market Vectors Emerging Europe ex-Russia Index. Van Eck makes no representation or warranty, express or implied, nor accepts any responsibility, regarding the accuracy or completeness of this website or the indexes. VAN ECK AND ITS AFFILIATES SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS, AND MAKES NO WARRANTY, EXPRESS OR IMPLIED, WITH RESPECT TO THE INDEXES. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL VAN ECK OR ANY OF ITS AFFILIATES HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES OR LOSSES, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF.