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BlackRock launches new Brazil iShares ETF on Xetra

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BlackRock has launched a new Brazil-focused iShares equity ETF on Xetra giving investors the opportunity to participate in the performance of the MSCI Brazil USD Index. 

The benchmark index currently comprises 54 large and mid-cap Brazilian companies, covering approximately 85 percent of Brazil’s market capitalisation. The prices of the contained shares in US dollars are included in the index calculation. 

The ETF is traded on Xetra in US dollars.

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