BM&FBovespa, Itaú Unibanco launch financial ETF

Friday, April 8, 2011

Brazilian stock exchange BM&FBovespa and the country's largest private sector bank, Itaú Unibanco (NYSE: ITU), have launched a financial ETF, BM&FBovespa said in a press release.

Itaú Unibanco will manage the ETF, which will replicate the index of the most representative financial services stocks on BM&FBovespa.

The new ETF becomes the eighth index-linked fund that is traded on BM&FBovespa.

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