Global X - Brazil Active ETF
BRAZ
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 605 Third Avenue, 43rd Floor New York NY United States of America 10158
- IPO Date
- Aug 18, 2023
- CIK
- 0001432353
- Website
- globalxetfs.com
- Similar Companies
- Business
- Global X Brazil Active ETF (BRAZ) is an actively managed exchange-traded fund that seeks long-term capital growth by investing at least 80% of its net assets in equity securities of issuers economically tied to Brazil, including Brazilian companies listed on U.S. exchanges; the fund employs a bottom-up, fundamental analysis process focusing on companies with quality business models, strong management teams, sustainable competitive advantages, and domestic-driven growth potential over a 4-5 year horizon, utilizing proprietary quantitative screening, sector analyst recommendation lists, and portfolio manager construction for a concentrated portfolio across sectors such as financials, energy, materials, utilities, consumer discretionary, industrials, consumer staples, and information technology. Top holdings typically include leading Brazilian firms like Nu Holdings Ltd (NU), Petrobras SA (PBR), Itau Unibanco Holding SA (ITUB), Vale SA (VALE), and Banco Bradesco SA (BBD), representing significant allocations in financial services, energy, and materials. Launched on August 16, 2023, and domiciled in the United States with an expense ratio of 0.75%, BRAZ trades on NYSE Arca and is advised by Global X Management Company LLC, a subsidiary of Mirae Asset Global Investments; it is headquartered in New York and targets U.S. investors seeking exposure to Brazil's economy, which features growth drivers in commodities, domestic consumption, fintech, and ongoing reforms in central banking, taxes, and social security. Co-managed by William Dorson and Paul Dmitriev, who bring extensive experience in emerging markets and Brazil-specific strategies, the fund differentiates from passive benchmarks by actively selecting dynamic companies beyond national champions and state-owned enterprises, including U.S.-listed names tied to Brazil. In recent developments, Mirae Asset Global Investments Brazil changed its name to Global X Brazil, strengthening local presence and distribution partnerships with RIAs, family offices, and institutions amid Brazil's growing ETF industry; the fund continues semi-annual distributions, with the latest ex-dividend date in June 2025, and maintains net assets around $6-8 million as of late 2025.