“巴西ETF”，上市交易喽！

Core Insights - The launch of two Brazilian ETFs by Huaxia Fund and E Fund is generating significant market interest, with both funds reaching their fundraising limits within a day [1][2] - The subscription rates for the ETFs are notably high, with E Fund's ETF at 11.823% and Huaxia Fund's ETF at 11.53867900% [1] - Major foreign institutions, including Barclays Bank PLC and UBS AG, are among the top holders of these ETFs, indicating strong foreign interest in Brazilian equities [3][4] Fundraising and Subscription Details - Both ETFs set a fundraising cap of 300 million yuan, and the subscription was completed in just one day [1] - E Fund's Brazilian ETF (520870) had 12,313 subscription accounts, while Huaxia Fund's ETF (159100) had 9,081 accounts, with average subscription amounts ranging from 200,000 to nearly 300,000 yuan [1] - The top holders of Huaxia Fund's ETF include Barclays Bank PLC with 30.58% and Shanghai Ningyuan Asset Management with 5.77% [2] Performance and Valuation - Recent performance of the Brazilian stock market has been positive, with E Fund's ETF showing a net value of 1.0154, reflecting a 1.51% increase [4][6] - Huaxia Fund's ETF reported a reference net value of 1.017, slightly higher than E Fund's, indicating competitive performance [6] - Both ETFs are expected to be actively traded post-listing, with T+0 trading support, which may lead to speculative trading behavior [6]