A Daily Network publication
Explore the network
ETF Daily
The Definitive Daily Read on Exchange-Traded Funds
Sunday, August 23, 2026The Morning Brief →Sign in

Global X Brazil Active ETF

$30.53+3.02% today
243652-WK

The fund is an actively managed exchange traded fund (“ETF”) advised by Global X Management Company LLC (the “Adviser”) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, measured at the time of purchase, in equity securities: (i) of issuers domiciled in Brazil; and/or (ii) that are tied economically to Brazil. The fund is non-diversified.

Price & daily flows
33.129.926.730.53DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +10.7% so far this year. At 0.75% a year it is not the cheapest way in — IEFA runs the same ground at 0.07%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$3529.01Tassets under management
0.75%expense ratio · $75 per $10,000 a year
net flow, trailing month
298avg daily volume, 30 days
28holdings
2023listed August 15, 2023 · beta 0.96
The book at a glance
PBR+0.7%NU+2.6%ITUB+4.3%VALE+2.5%BBD+4.4%ELPC+2.2%ERO+9.4%EMBJ+1.2%AUGO+0.7%WPM+5.0%MELI+0.0%VBBR31.3%VIVA31.1%MULT30.9%1.0%1.0%BPAC114.8%ITSA44.4%WEGE34.1%B3SA33.3%PRIO32.3%RADL32.3%EQTL31.7%JBSS321.6%RENT31.5%DIRR31.4%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1PBRPETROBRA15.06%$19.15+0.7%
2NUNU HOLDINGS12.11%$14.58+2.6%
3ITUBITAU UNIBANCO HOLDING SA9.93%$7.48+4.3%
4VALEVALE7.10%$14.59+2.5%
5BBDBANK BRADESCO4.10%$3.11+4.4%
6ELPCENERGY CO OF PARANA3.48%$11.01+2.2%
7EROERO COPPER3.24%$39.42+9.4%
8EMBJEmbraer2.70%$75.95+1.2%
9AUGOAura Minerals2.04%$87.26+0.7%
10WPMWHEATON PRECIOUS METALS1.58%$157.78+5.0%
11MELIMERCADOLIBRE1.65%$1922.73+0.0%
12VBBR3VIBRA ENERGIA SA1.28%
13VIVA3Vivara Participacoes Sa1.15%
14MULT3MULTIPLAN EMPREENDIMENTOS0.87%
15CASH0.96%

The full book, free with one sign-in.

Top 15 positions are open to everyone. Sign in once and every fund’s complete holdings — plus CSV export, watchlists, and flow alerts — unlock across the network.

Sign in to see all 28
Sector weights
Finance32.29%
Financial Services24.44%
Financials24.44%
Energy Minerals19.66%
Energy19.34%
Industrials17.84%
Basic Materials14.03%
Materials14.03%
Consumer Cyclical10.53%
Consumer Discretionary10.53%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Brazil97.62%
Uruguay5.42%
Canada2.38%
Luxembourg2.35%
Other1.19%
United States1.03%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+3.6%
1 month-0.3%
3 months-0.8%
6 months-6.1%
YTD+10.7%
1 year+25.6%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
SepOctNovDecJanFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
22%realized volatility, 30 days (annualized)
24%realized volatility, 1 year
-19.6%deepest fall from a peak, 1 year
-14.0%where it sits vs. that peak today

The top holding is 15.1% of the book; the top ten carry 68%. Spread across 26+ names, it behaves like roughly 14 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against BRAZ

Due diligence cuts both ways. These funds sit on the same shelf and beat BRAZ on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-71bp on fee · +$104M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$193.2B+$631M-68bp on fee · +$631M in over the monthHead-to-head
IEMG iShares Core MSCI Emerging Markets ETF0.09%$160.6B+$1.9B-66bp on fee · +$1.9B in over the monthHead-to-head
IAGG iShares Core International Aggregate Bond ETF0.07%$11.4B+$739M-68bp on fee · +$739M in over the monthHead-to-head
IXUS iShares Core MSCI Total International Stock ETF0.07%$46.2B-68bp on feeHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
Every weekday · 6:30 a.m. ET

The Morning Brief

The private wealth industry in four minutes, every weekday at 6:30 a.m. ET. Free.