Barclays Plc starts trading in Sao Paulo to respond to investor

With the markets so volatile, Barclays Plc (LON:BARC) started trading on three new Brazilian Exchange Traded Funds in Sao Paulo, a move to ensure more diverse and more easily tradable funds.

The Exchange Traded Funds (ETF’s) the first created by Barclays in Brazil, replicate the BM&FBovespa Small Cap index, the BM&FBovespa MidLarge Cap index and the Bovespa Index of the 66 most traded stocks. PIBB Fundo de Indice Brasil- 50 Brasil Tracker was the first Brazilian ETF and was created in 2004.

Marcelo Allain, Banco Barclays Director, said that the type of product they have their bring benefits for the time we are living in, and that the fund has the benefit that investors can enter and exit at any time and can better control their investment risk”. He told reporters.

Source: Bloomberg

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