Companhia Vale do Rio Doce (RIO) and Petroleo Brasileiro(PBR) are the two most traded Brazilian ADR stocks in New York. Until recently RIO always used to be in the most active list in NYSE. But recently PBR seems to be joining this list as well. For example, today RIO had a volume of 40M and …
There are three Brazilian Utility ADR stocks that trade on the New York Stock Exchange.Utility ADRs generally tend to have dividend yields and can provide diversification to a well built portfolio. 1.Companhia Energetica de Minas Gerais CEMIG – CIG CIG is an electric utility in Brazil.YTD the stock is up 34.27% and the dividend yield …
There are 5 large private banks in Brazil.Out of these, three trade as Depository Receipts (DRs) in the US. They are: 1. Banco Bradesco S.A (BBD) 2. Banco Itau Holding Financeira S.A. (ITUB) 3. Uniao de Bancos Brasileiros S.A. (UBB) Profile and Key Points (All data as of June 2,2008) 1. BBD: Bradesco Bank is …
The following three Brazilian ADRs are the most traded stocks based on daily volume. There is a tremendous amount of interest in the Brazil market among investors from around the world. Brazilian stocks may have another spectacular run this year like the past.Scores of European mutual funds (called investment/unit trusts there) have invested millions in …