OREANDA-NEWS. May 22, 2012. BM&FBOVESPA registered an all-time record financial volume and number of trades today in the BOVA11 ETF, an index fund that tracks the performance of the BOVESPA Index (Ibovespa). There were 11,767 trades in 7,106,960  units, totaling financial volume of BRL 380.69 million. The previous record number of trades was 10,154 on May 17, 2012 and the previous record financial volume was BRL 309 million on May 04, 2012.

ETFs are index funds traded on the Exchange like stocks and which replicate the composition of an index. An investor that buys a unit in an ETF is making a simultaneous investment in a share portfolio composed of companies in different sectors of the Brazilian economy, without having the buy the separate shares of the respective index.

Generally speaking, round lots are made up of 10 units with a management fee of under 0.75% and require an initial minimum investment that ranges from BRL 200 to BRL 1,000 (depending on the ETF that the investor selects), plus brokerage and custody fees. In April, the 12 ETFs traded on BM&FBOVESPA totaled 73,632 transactions and a financial volume of BRL 2.69 billion. The ETFs traded on BM&FBOVESPA are:

BOVA11 which tracks the IBOVESPA;

BRAX11 which tracks the IBRx-100;

PIBB11 which tracks the IBrX-50);

CSMO11 which tracks the consumer index;

MOBI11 which tracks the real estate index;

FIND11 which tracks the financial index;

ISUS11 which tracks the Corporate Sustainability Index;

GOVE11 which tracks the performance of companies that voluntarily adopt differentiated corporate governance standards;

DIVO11 which tracks the Dividend Index;

MATB11 which tracks the packaging, wood and paper, various materials, mining, chemicals, steel and metal sectors;

SMAL11 which tracks the performance of the index comprised of listed small caps;

MILA11 which tracks the performance of listed mid and large caps); and

UTIP11 which measures the behavior of a portfolio composed of stocks in companies representing the public utilities sector.