OREANDA-NEWS. February 22, 2011. ETF BOVA11 financial volume reached a new record of RUSD 99.36 million in today’s trading session at BM&FBOVESPA. 1,482,160 BOVA11 shares were traded at an average price of RUSD 67.04 in a total of 1,223 transactions. The previous record of RUSD 86.81 million was set on January 26, 2011. PIBB11, SMALL11, MOBI11 and CSMO11 transactions reached the volume of RUSD 2.08 million, RUSD 351,40, RUSD 584,86 and RUSD 27,36 respectively.

Exchange Traded Funds (ETFs), also known as trackers, are investment funds based on market indices, whose shares can be traded on Stock Exchanges, which allow investors to own the stocks that make up the fund’s portfolio without the need to buy the securities of various companies directly. Currently, seven (7) index funds are traded at BM&FBOVESPA: iShares Ibovespa ETF (BOVA11), iShares BM&FBOVESPA Small Cap ETF (SMAL11), iShares BM&FBOVESPA MidLarge Cap ETF (MILA11), iShares IBRX – Index Brazil (BRAX); iShares Index BM&FBOVESPA Consumption Index Fund (CSMO); iShares Index BM&FBOVESPA Real Estate Index Fund (MOBI) -  all six of which are managed by BLACKROCK BRASIL - and PIBB ETF - Brazil Tracker (PIBB11), which is managed by Banco Itau.