The BRIC ETF tracks the Bank of New York Mellon BRIC Select ADR Index which is comprised of ADRs and GDRs selected from listed depositary receipts of companies from Brazil, Russia, India and China currently trading on U.S. exchanges. The stocks are picked with a method developed by The Bank of New York Mellon that looks at minimum share price, trading volume and market cap.
Because the modified market-cap weighting of the index favors stocks that have run up in value, the country splits are skewed towards Brazil and China. As of 12.31.07, the split was:
- 48% Brazil
- 36% China
- 10% India
- 6% Russia
Largest holdings as of 2.27.08 include Petrobras (NYSE: PBR), China Mobile (HKSE: 0941.HK ) and Vale do Rio Doce (NYSE: RIO). Also represented in the index are China Life (NYSE: LFC), PetroChina (NYSE: PTR ), Infosys (Nasdaq: INFY ) and Vimpel Communications (NYSE: VIP).
Read more at the Claymore ETF website.