Barcap Offers Brazil ETF in Mexico

Barclays Global Investors (BGI) said Wednesday it had launched the first exchange traded fund in Mexico that offers exposure to Brazil. “The iShares MSCI Brazil Index fund provides Mexican investors an additional vehicle to express their investment views in this expanding and large economy in Latin America,” says Daniel Gamba, MD of the Latin America institutional business for BGI. The iShares index is listed on the mercado global section of Mexico’s BMV, giving access to Afores. According to BGI, there is a strong local Mexican bid for Brazil exposure. In May, the iShares MSCI Brazil fund saw $263m in inflows, Gamba adds.