Bovespa
The Bovespa is the Brazilian stock market's benchmark index.
Brazil is often touted as a major consumer market of the future now that the middle classes are expanding and spending more. But Brazil's benchmark index, the Bovespa, is hardly a pure play on this theme.
Basic materials, mining and oil and gas firms comprise almost 40% of the index. So sentiment towards commodities and China, a key buyer of Brazilian raw materials, is a major influence on this Brazilian index.
Financials, consumer goods and consumer services, all of which reflect consumption, collectively account for 46%. Industrials and telecoms, both worth around 3.5% of the index, complete the sectoral breakdown.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
See Tim Bennett's video tutorial: What is an index?
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yet
The chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry