Brazil is one of the year-to-date top performing markets among the emerging countries. The infrastructure in Brazil is good and the country is blessed with an incredible array of natural resources.
The Dow Jones Brazil Titans 20 ADR Index represents the 20 largest and most liquid Brazilian stocks traded on the major exchanges of the United States.
The key features of this index include:
“The index universe consists of all Brazilian issues that trade on U.S. exchanges, subject to screens for security type and trading volume history.
Twenty stocks are selected to the index based on rankings by float-adjusted market capitalization and average trading volume.”
As of August 31,2009 the index is up 62.31%. Last year the index was down nearly 52%. Financials make up just 20% of the index.
The Top 10 Components of this index are:
Petroleo Brasileiro (PBR)
Itau Unibanco Banco Multiplo (ITUB)
Vale S.A. ADS (VALE)
Banco Bradesco (BBD)
BRF-Brazil Foods (PDA)
Companhia Brasileira de Distribuicao Grupo Pao de Ac(CBD)
Embraer-Empresa Brasileiras de Aeronautica (ERJ)
Vivo Participacoes Companhia de Bebidas das Americas (ABV)
Gafisa (GFA)
The two private sector banks Banco Bradesco and Itau Unibanco Banco Multiplo are widely held by investors worldwide. Petroleo Brasileiro is another world’s top integrated oil producer.
