There are more than exchange traded funds trading in the U.S. focusing on or offering heavy exposure to Brazilian stocks and some of those can be considered niche funds. The Tierra XP Latin America Real Estate ETF (NYSEArca: LARE) is one of those ETFs.
LARE, which debuted in December, follows the Solactive Latin America Real Estate Index. That benchmark also features exposure to real estate opportunities in Mexico. Brazil and Mexico are Latin America’s two largest economies.
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“LARE “holds Mexican and Brazilian REITs, as well as major real estate equities in Mexico, Brazil, and Chile. REITs and REOCs represent approximately 54 percent and approximately 46 percent, respectively, of the fund’s 52 components,” according to a statement issued by Tierra Funds.