The first Brazilian asset to be traded this Monday (31) opened business in a firm uptrend. The Next Funds Ibovespa ETF traded on the Tokyo Stock Exchange was listed at 10 am on Monday, Japanese time (10 pm on Sunday, Brasília time) with an appreciation of 4.28%, at 212 yen.
Listed in Tokyo, the ETF has low liquidity – especially compared to Brazilian assets traded in the United States – and therefore tends to have high volatility.
This ETF follows the main index of the Brazilian stock market and was launched in Tokyo in July 2008 by Nomura Asset Management, one of the largest asset managers in Asia with more than US$ 600 billion in assets under management.
ETF is the acronym for Exchange Traded Funds. In Portuguese, this financial product is known as an index fund and always follows some asset or financial index – in this case, the Ibovespa – and is traded on the stock exchange.
It is possible to have ETFs that track various assets, such as stocks or even fixed income. The instrument is very common among investors abroad, and has gained popularity in Brazil in recent years.
Source: CNN Brasil
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