A new exchange-traded fund (ETF) is available for trading on BM&FBOVESPA. ECOO11 is indexed to the Carbon Efficient Index (ICO2) , which tracks the performance of the shares of companies participating in the IBrX-50 index that have agreed to join in this initiative, by adopting transparent practices with respect to their greenhouse gas emissions.
The ticker symbol of the new ETF called Ishares Carbon Efficient Index is: ECOO11.
Besides this new ETF, investors can also trade in 13 other ETFs on BM&FBOVESPA: four broad-based index funds — BOVA11, BRAX11, PIBB11 and DIVO11, indexed to the Ibovespa, IBrX-100, IBrX-50 and Dividend indexes respectively; six sector index funds — CSMO11, MOBI11, MATB11, FIND11, ISUS11 , UTIP11 and GOVE11, indexed to the Consumer Goods, Real Estate, Basic Materials, Financials, Corporate Sustainability, Public Utility and Corporate Governance indexes respectively; and two market cap index funds — SMAL11, indexed to the small cap index, and MILA11, indexed to the large cap index. For more information on our ETFs, click here .
Understand ETFs and how to invest in them
When you buy an ETF, you are investing in a portfolio of shares issued by companies in different sectors of the Brazilian economy without having to buy each of the shares tracked by the index separately. This significantly reduces the cost of trading. A round lot typically consists of ten units. The initial investment required ranges from R$200 to R$1,000 depending on the ETF, plus brokerage and custody fees. In 2011 the ten ETFs available for trading reached a financial volume of R$12.11 billion, with 577,723 trades on BM&FBOVESPA during the year. These volumes are steadily rising, since ETFs provide an excellent opportunity for investors to diversify their portfolios.