| Description: | It Now PIBB I Br X-50 Index Fund is an exchange traded fund launched and managed by Itau Unibanco S.A. It invests in the public equity markets of Brazil. The fund takes long positions and invests either directly or through derivatives such as futures to invest in the stocks of companies operating across diversified sectors. It invests in the stocks of large-cap companies. The fund seeks to replicate the performance of the I Br X-50 Index, by investing in the stocks of companies as per their weightings in the index. It was formerly known as PIBB ETF - Brazil Tracker. It Now PIBB I Br X-50 Index Fund was formed on July 15, 2004 and is domiciled in Brazil. |
