StrategyBrazil Index

Brazil Index

basketname	weekch	monthch	ytdch	yearch
Brazil Index	-1.07	5.44	40.60

Select Equity Indexes Yields

name	weekch	monthch	ytdch	yearch
Russian Trading System Cash Index	1.41	4.94	22.56	3.41
S&P 500 Index	0.42	1.94	1.36	-0.62
Hong Kong Hang Seng Index	0.62	3.80	-2.17	-13.70
Ibovespa Brasil Sao Paulo Stock Exchange Index	2.33	4.81	23.72	3.97
S&P BSE SENSEX Index	0.88	2.34	-0.59	-11.74

Best Stocks 1m in USD %ch

Name	ChngePct	Country
Cia Siderurgica Nacional SA (CSNA3:BZ)	65.26
Bradespar SA (BRAP4:BZ)	38.57
Metalurgica Gerdau SA (GOAU4:BZ)	36.81
Vale SA (VALE5:BZ)	36.01
Usinas Siderurgicas de Minas Gerais SA (USIM5:BZ)	35.94
Vale SA (VALE3:BZ)	25.76
Gerdau SA (GGBR4:BZ)	25.25
Petroleo Brasileiro SA (PETR3:BZ)	23.57
Petroleo Brasileiro SA (PETR4:BZ)	20.69
EcoRodovias Infraestrutura e Logistica SA (ECOR3:BZ)	16.65

Worst Stocks 1m in USD %

Name	ChngePct	Country
Oi SA (OIBR4:BZ)	-22.39
Lojas Americanas SA (LAME4:BZ)	-19.91
JBS SA (JBSS3:BZ)	-19.60
Klabin SA (KLBN4:BZ)	-13.13
Marcopolo SA (POMO4:BZ)	-13.07
BRF SA (BRFS3:BZ)	-12.77
Cia Energetica de Sao Paulo (CESP6:BZ)	-12.13
Lojas Renner SA (LREN3:BZ)	-10.48
Sul America SA (SULA11:BZ)	-9.44
Lojas Americanas SA (LAME3:BZ)	-9.30

Best Stocks YTD in USD %

Name	ChngePct	Country
Cia Siderurgica Nacional SA (CSNA3:BZ)	285.55
Metalurgica Gerdau SA (GOAU4:BZ)	103.38
Usinas Siderurgicas de Minas Gerais SA (USIM5:BZ)	101.09
Bradespar SA (BRAP4:BZ)	92.11
Gerdau SA (GGBR4:BZ)	89.83
Banco do Estado do Rio Grande do Sul SA (BRSR6:BZ)	81.90
BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros (BVMF3:BZ)	79.82
Vale SA (VALE5:BZ)	70.04
BB Seguridade Participacoes SA (BBSE3:BZ)	69.87
Banco Bradesco SA (BBDC3:BZ)	69.67

Worst Stocks YTD in USD %

Name	ChngePct	Country
Oi SA (OIBR4:BZ)	-44.47
Fibria Celulose SA (FIBR3:BZ)	-28.52
Suzano Papel e Celulose SA (SUZB5:BZ)	-19.73
JBS SA (JBSS3:BZ)	-17.69
Embraer SA (EMBR3:BZ)	-17.58
Estacio Participacoes SA (ESTC3:BZ)	-7.32
Klabin SA (KLBN4:BZ)	-6.10
BRF SA (BRFS3:BZ)	-1.46
Sul America SA (SULA11:BZ)	-0.14
TOTVS SA (TOTS3:BZ)	2.01

Brazil Index Stock News

Brazil Index

By: Research Team

Comment

Best last week among stocks was Usinas Siderurgicas de Minas Gerais SA (USIM5:BZ) +22.62%, Centrais Eletricas Brasileiras SA (ELET3:BZ) +11.96%, Cia Siderurgica Nacional SA (CSNA3:BZ) +11.34%,

While worst last week among stocks was Lojas Americanas SA (LAME4:BZ) -11.53%, Marcopolo SA (POMO4:BZ) -9.74%, Lojas Renner SA (LREN3:BZ) -9.53%,

Best last month among stocks was Cia Siderurgica Nacional SA (CSNA3:BZ) +65.26%, Bradespar SA (BRAP4:BZ) +38.57%, Metalurgica Gerdau SA (GOAU4:BZ) +36.81%,

While worst last month among stocks was Oi SA (OIBR4:BZ) -22.39%, Lojas Americanas SA (LAME4:BZ) -19.91%, JBS SA (JBSS3:BZ) -19.60%,

Best YTD among stocks was Cia Siderurgica Nacional SA (CSNA3:BZ) +285.55%, Metalurgica Gerdau SA (GOAU4:BZ) +103.38%, Usinas Siderurgicas de Minas Gerais SA (USIM5:BZ) +101.09%,

While worst YTD among stocks was Oi SA (OIBR4:BZ) -44.47%, Fibria Celulose SA (FIBR3:BZ) -28.52%, Suzano Papel e Celulose SA (SUZB5:BZ) -19.73%,

This index is the standard symmetrical index of investible Brazil stocks

Country Composition

country	Weight %
	100.00

Sector Composition

Industry	Weight %
Utility Networks	9.21
Power Generation	6.58
Banks	6.58
Steel Producers	5.26
Real Estate Owners & Developers	5.26
Investment Companies	3.95
Paper	3.95
Infrastructure Construction	3.95
Department Stores	3.95
Telecom Carriers	3.95
Packaged Food	3.95
Security & Cmdty Exchanges	2.63
Steel Raw Material Suppliers	2.63
Refining & Marketing	2.63
Managed Care	2.63
Food & Drug Stores	2.63
Integrated Oils	2.63
Educational Services	2.63
Basic & Diversified Chemicals	1.32
Wood Building Materials	1.32
Diversified Banks	1.32
Advertising & Marketing	1.32
Insurance Services & Other	1.32
Application Software	1.32
Specialty Apparel Stores	1.32
Beverages	1.32
Specialty Pharma	1.32
Automotive Retailers	1.32
Consumer Finance	1.32
Tobacco	1.32
Life Insurance	1.32
Professional Services	1.32
Household Products	1.32
Industrial Machinery	1.32
Homebuilders	1.32
Auto Parts	1.32
Aircraft & Parts	1.32

Key Basket Multiples

Stocks	Total MCap US mn	Payout Ratio	Div Yield	PE	NetMargin	1yr Return
76	672801.1	13.8	1.4	17.51	28.80

Results

2015-11-03 (C) Itau Unibanco Holding SA
fins

Hot Financial Stocks: Bank of America (BAC), Itau Unibanco Holding ...

Citigroup Down 4%, Itau Unibanco Holding Interested in Co's Latin ...

2015-11-04 (C) Itau Unibanco Holding SA
fins

Hot Financial Stocks: Bank of America (BAC), Itau Unibanco Holding ...

Citigroup Down 4%, Itau Unibanco Holding Interested in Co's Latin ...

2015-11-13 (C) Petroleo Brasileiro SA
energ

Key Stocks of the Day: Petroleo Brasileiro SA – Petrobras (NYSE:PBR)

Strapped Rio Fund Starts Talks With Holders of $3.1 Billion Debt

value	stock	Country	Industry	MCap US mn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Centrais Eletricas Brasileiras SA	ELET6:BZ		Power Generation	3323.89	-	-	0.51	0.00	0.00
Centrais Eletricas Brasileiras SA	ELET3:BZ		Power Generation	3323.89	-	-	0.32	0.00	0.00
Cia de Saneamento Basico do Estado de Sao Paulo	SBSP3:BZ		Utility Networks	4938.24	-	32.50	1.49	4.58	-0.00
Cia Siderurgica Nacional SA	CSNA3:BZ		Steel Producers	5267.74	1.51%	14.46	1.19	8.23	21.83
Braskem SA	BRKM5:BZ		Basic & Diversified Chemicals	5232.32	5.01%	6.36	0.42	6.60	31.86
BR Malls Participacoes SA	BRML3:BZ		Real Estate Owners & Developers	2191.18	1.38%	1,613.56	5.59	99.99	1.38
Bradespar SA	BRAP4:BZ		Investment Companies	766.94	5.96%	-	-	0.00	-0.00
Banco do Brasil SA	BBAS3:BZ		Banks	17267.40	0.27%	4.13	0.26	6.30	1.12
Duratex SA	DTEX3:BZ		Wood Building Materials	1552.30	-	29.08	1.35	4.64	-0.00
Itau Unibanco Holding SA	ITUB4:BZ		Diversified Banks	51204.95	0.57%	7.52	1.16	15.43	4.29
Cia de Saneamento de Minas Gerais-COPASA	CSMG3:BZ		Utility Networks	669.76	-	-	0.61	0.00	0.00
Banco Bradesco SA	BBDC4:BZ		Banks	42105.05	0.68%	8.23	0.66	8.02	5.60
Multiplus SA	MPLU3:BZ		Advertising & Marketing	1655.71	9.40%	12.18	2.58	21.18	114.49
CETIP SA - Mercados Organizados	CTIP3:BZ		Security & Cmdty Exchanges	3145.68	0.76%	22.16	8.45	38.13	16.84
BB Seguridade Participacoes SA	BBSE3:BZ		Insurance Services & Other	19123.98	4.96%	16.04	24.10	99.99	79.56
Itausa - Investimentos Itau SA	ITSA4:BZ		Investment Companies	15727.28	0.18%	6.31	11.45	99.99	1.14
Vale SA	VALE3:BZ		Steel Raw Material Suppliers	26412.06	-	-	1.17	0.00	0.00
BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros	BVMF3:BZ		Security & Cmdty Exchanges	8700.70	0.73%	13.75	13.69	99.56	10.04
TOTVS SA	TOTS3:BZ		Application Software	1305.53	1.45%	23.36	2.40	10.27	33.87
Cia Energetica de Minas Gerais	CMIG4:BZ		Utility Networks	2623.81	6.22%	3.66	0.43	11.75	22.77
Banco Bradesco SA	BBDC3:BZ		Banks	42105.05	0.56%	9.00	0.72	8.00	5.04
Multiplan Empreendimentos Imobiliarios SA	MULT3:BZ		Real Estate Owners & Developers	2968.61	0.19%	28.65	9.74	34.00	5.44
Klabin SA	KLBN4:BZ		Paper	5558.70	2.60%	-	2.85	0.00	-0.00
Lojas Renner SA	LREN3:BZ		Specialty Apparel Stores	3570.38	0.94%	21.72	2.05	9.44	20.42
Vale SA	VALE5:BZ		Steel Raw Material Suppliers	26412.06	-	-	0.92	0.00	0.00
BR Properties SA	BRPR3:BZ		Real Estate Owners & Developers	760.43	22.33%	-	3.75	0.00	-0.00
Cia Energetica de Sao Paulo	CESP6:BZ		Power Generation	1288.53	0.58%	-	1.65	0.00	-0.00
Ambev SA	ABEV3:BZ		Beverages	85150.44	0.78%	24.23	6.44	26.58	18.90
Hypermarcas SA	HYPE3:BZ		Specialty Pharma	5187.56	0.14%	50.19	4.05	8.07	7.03
Localiza Rent a Car SA	RENT3:BZ		Automotive Retailers	1871.60	0.69%	16.12	1.65	10.24	11.12
Cielo SA	CIEL3:BZ		Consumer Finance	21071.23	1.08%	21.89	6.91	31.57	23.64
Cosan SA Industria e Comercio	CSAN3:BZ		Refining & Marketing	3716.00	4.36%	19.61	1.55	7.90	85.50
Transmissora Alianca de Energia Eletrica SA	TAEE11:BZ		Investment Companies	1952.06	4.68%	8.09	4.77	58.96	37.86
EcoRodovias Infraestrutura e Logistica SA	ECOR3:BZ		Infrastructure Construction	1112.87	12.06%	35.90	1.35	3.76	432.95
Fibria Celulose SA	FIBR3:BZ		Paper	5133.44	1.66%	52.88	1.80	3.40	87.78
Ultrapar Participacoes SA	UGPA3:BZ		Refining & Marketing	11618.03	2.17%	26.65	0.53	1.99	57.83
AES Tiete SA	GETI4:BZ		Power Generation	0.00	-	-	-	0.00	0.00
Cia Paranaense de Energia	CPLE6:BZ		Utility Networks	1835.34	1.72%	6.58	0.53	8.05	11.32
Souza Cruz SA	CRUZ3:BZ		Tobacco	0.00	-	-	-	0.00	0.00
Banco Santander Brasil SA	SANB11:BZ		Banks	18523.35	2.46%	-	-	0.00	-0.00
Tractebel Energia SA	TBLE3:BZ		Utility Networks	6981.24	1.70%	16.42	3.78	23.02	27.91
EDP - Energias do Brasil SA	ENBR3:BZ		Utility Networks	1619.73	5.05%	4.51	0.56	12.42	22.78
Cia Hering	HGTX3:BZ		Department Stores	662.68	3.48%	8.20	1.45	17.68	28.54
Banco do Estado do Rio Grande do Sul SA	BRSR6:BZ		Banks	1156.50	0.33%	4.28	0.28	6.54	1.41
Eneva SA	ENEV3:BZ		Power Generation	641.72	-	0.53	0.13	24.53	-0.00
Lojas Americanas SA	LAME3:BZ		Department Stores	5320.43	0.15%	58.97	0.82	1.39	8.85
Lojas Americanas SA	LAME4:BZ		Department Stores	5320.43	0.10%	82.16	1.15	1.40	8.22
Porto Seguro SA	PSSA3:BZ		Life Insurance	2743.37	0.47%	9.67	0.53	5.48	4.54
Arteris SA	ARTR3:BZ		Infrastructure Construction	972.91	1.57%	22.99	0.90	3.91	36.09
Qualicorp SA	QUAL3:BZ		Professional Services	1158.77	2.84%	18.00	2.36	13.11	51.12
Sul America SA	SULA11:BZ		Managed Care	1563.92	5.94%	7.38	0.30	4.07	43.84
Natura Cosmeticos SA	NATU3:BZ		Household Products	3451.67	1.74%	23.67	1.54	6.51	41.19
Suzano Papel e Celulose SA	SUZB5:BZ		Paper	4164.78	2.14%	-	1.41	0.00	-0.00
Tim Participacoes SA	TIMP3:BZ		Telecom Carriers	5555.87	2.39%	9.47	1.14	12.04	22.63
WEG SA	WEGE3:BZ		Industrial Machinery	6458.24	0.57%	19.10	2.27	11.88	10.89
CPFL Energia SA	CPFE3:BZ		Utility Networks	5418.46	2.15%	22.25	0.95	4.27	47.84
JBS SA	JBSS3:BZ		Packaged Food	7219.51	1.87%	5.55	0.16	2.88	10.38
Cia Brasileira de Distribuicao	PCAR4:BZ		Food & Drug Stores	3489.91	0.12%	52.77	0.19	0.36	6.33
Petroleo Brasileiro SA	PETR3:BZ		Integrated Oils	42675.66	-	-	0.52	0.00	0.00
Petroleo Brasileiro SA	PETR4:BZ		Integrated Oils	42675.66	-	-	0.40	0.00	0.00
Cyrela Brazil Realty SA Empreendimentos e Participacoes	CYRE3:BZ		Real Estate Owners & Developers	1166.42	2.71%	8.72	0.90	10.32	23.63
MRV Engenharia e Participacoes SA	MRVE3:BZ		Homebuilders	1484.87	3.29%	9.51	1.09	11.46	31.29
CCR SA	CCRO3:BZ		Infrastructure Construction	7528.33	1.88%	30.39	3.13	10.30	57.13
BRF SA	BRFS3:BZ		Packaged Food	11049.13	0.25%	13.68	1.25	9.14	3.42
Oi SA	OIBR4:BZ		Telecom Carriers	196.31	-	-	0.02	0.00	0.00
Telefonica Brasil SA	VIVT4:BZ		Telecom Carriers	19514.68	1.83%	18.86	1.57	8.32	34.51
M Dias Branco SA	MDIA3:BZ		Packaged Food	2539.38	-	14.79	1.93	13.05	-0.00
Usinas Siderurgicas de Minas Gerais SA	USIM5:BZ		Steel Producers	1098.99	-	-	0.26	0.00	0.00
Kroton Educacional SA	KROT3:BZ		Educational Services	5482.21	0.36%	13.81	3.66	26.50	4.97
Raia Drogasil SA	RADL3:BZ		Food & Drug Stores	5005.95	-	51.78	1.98	3.82	-0.00
Metalurgica Gerdau SA	GOAU4:BZ		Steel Producers	758.44	2.73%	-	0.03	0.00	-0.00
Estacio Participacoes SA	ESTC3:BZ		Educational Services	1040.91	3.23%	7.56	1.25	16.53	24.42
Gerdau SA	GGBR4:BZ		Steel Producers	3428.15	1.03%	-	0.30	0.00	-0.00
Marcopolo SA	POMO4:BZ		Auto Parts	549.07	-	23.16	0.74	3.20	-0.00
Embraer SA	EMBR3:BZ		Aircraft & Parts	4556.61	0.10%	65.43	0.78	1.19	6.54
Odontoprev SA	ODPV3:BZ		Managed Care	1776.12	3.17%	28.17	4.98	17.68	89.30

Index Sector Valuations vs GEM Average

Sector	Sector MCap US mn	Sector MCap Share in Total	Gem Sector Share In Total GEM	GEM Sector MCAP USmn	Payout Ratio	GEM Payout Ratio	Div Yield	GEM Div Yield	PE	PEGEM	PE Discount vs GEM	NetMargin	NetMarginGEM	Margin Diff. vs GEM	1yr Return	GEM 1yr Return
Communications	26922.6	4.0	10.3	794505.8	31.6	43.3	2.4	3.2	16.5	18.2	-9.3	9.9	13.6	3.7		-0.7
Consumer Discretionary	26461.4	3.9	6.6	509681.0	13.7	27.0	0.8	2.0	26.4	16.4	61.0	10.4	9.6	-0.8		3.1
Consumer Staples	117906.0	17.5	7.5	584775.3	16.0	38.0	0.8	1.8	23.9	28.2	-15.2	20.9	10.3	-10.6		12.3
Energy	100685.3	15.0	12.6	973390.4	9.8	40.8	2.7	4.4	24.9	12.4	100.8	3.4	9.7	6.3		-21.0
Financials	252680.2	37.6	32.8	2543065.7	11.9	26.0	1.2	4.0	10.2	8.8	15.9	44.8	20.4	-24.4		3.2
Health Care	8527.6	1.3	2.3	178295.8	30.9	20.3	1.8	1.0	37.8	31.7	19.2	9.3	17.0	7.7		13.6
Industrials	20629.0	3.1	5.8	453138.2	29.0	23.4	1.6	1.8	34.5	18.6	85.5	8.1	11.4	3.3		22.9
Materials	85019.0	12.6	7.6	590209.4	8.6	27.5	2.4	3.1	24.8	18.1	37.0	6.0	9.8	3.8		-0.1
Technology	1305.5	0.2	10.8	833615.6	33.9	29.2	1.5	2.3	23.4	18.9	23.8	10.3	19.8	9.5		2.8
Utilities	32664.6	4.9	3.7	288099.0	17.5	32.2	2.6	3.1	17.7	12.4	42.7	12.0	13.4	1.4		-5.6

Top 5 Brazil Index Long Picks

value	stock	Country	Industry	MCapUSDmn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Centrais Eletricas Brasileiras SA	ELET6:BZ		Power Generation	3323.89	-	-	0.51	0.00	0.00
Centrais Eletricas Brasileiras SA	ELET3:BZ		Power Generation	3323.89	-	-	0.32	0.00	0.00
Cia de Saneamento Basico do Estado de Sao Paulo	SBSP3:BZ		Utility Networks	4938.24	-	32.50	1.49	4.58	-0.00
Cia Siderurgica Nacional SA	CSNA3:BZ		Steel Producers	5267.74	1.51%	14.46	1.19	8.23	21.83
Braskem SA	BRKM5:BZ		Basic & Diversified Chemicals	5232.32	5.01%	6.36	0.42	6.60	31.86

Top 5 Brazil Index Short Picks

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Weekly Fund flow into Brazil focused funds showed (Previous Week)-16.2 USD mn of outflow.

Top 10 Brazil Focused Funds by Inflows Last Week

Fund Name	fund flow mn$	Total Assets mn$
RT NATION RENDA FIXA FI (RTNATFX)	18.2	1187.2
RT REPUBLIC RENDA FIXA FI (RTREPUB)	2.2	1922.1
LEGG MASON WESTERN ASSET INFLATION GOLD FIC FI RENDA FIXA (LEGGMIN)	0.6	18.1
ISHARES BM&FBOVESPA SMALL CAP (SMAL11)	0.2	7.4
KB BRAZIL SECURITIES FEEDER INVESTMENT TRUST - EQUITY - C (3747951)	0.2	21.1
KB BRAZIL SECURITIES MASTER INVESTMENT TRUST - EQUITY (3747928)	0.1	11.1
RT VALIANT RENDA FIXA FI (RTVALNT)	0.0	240.0
ICATU VANGUARDA RENDA IGPM SOBERANO FIC FI RENDA FIXA (ICAIGPM)	0.0	0.8
ICATU VANGUARDA RENDA IPCA SOBERANO FIC FI RENDA FIXA (ICAIPCA)	0.0	0.2
ASSET PLUS BRIC FUND (ASPBRIC)	0.0	1.2

Top 10 Brazil Focused Funds by Outflow Last Week

Fund Name	fund flow mn$	Total Assets mn$
ISHARES MSCI BRAZIL UCITS ETF (INC) (IBZL)	-16.4	165.9
ISHARES MSCI BRIC ETF (BKF)	-1.1	166.8
ENERPREV ALM I FUNDO PREVIDENCIARIO EXCLUSIVO DE INVESTIMENTO EM RENDA FIXA (ENAPERF)	-0.1	46.5
KB MULTI-MANAGER BRICS SECURITIES FEEDER INVESTMENT TRUST - EQUITY - C (3765797)	0.0	7.4
ICATU VANGUARDA RENDA IPCA SOBERANO FI RENDA FIXA (ICAICPA)	0.0	0.8
FATOR FMP FGTS PETROBRAS (PLFGTSP)	0.0	1.7
ASSET PLUS BRIC FUND (ASPBRIC)	0.0	1.2
ICATU VANGUARDA RENDA IPCA SOBERANO FIC FI RENDA FIXA (ICAIPCA)	0.0	0.2
ICATU VANGUARDA RENDA IGPM SOBERANO FIC FI RENDA FIXA (ICAIGPM)	0.0	0.8
RT VALIANT RENDA FIXA FI (RTVALNT)	0.0	240.0

Brazil Index

Select Equity Indexes Yields

Brazil Index Stock News

Odontoprev SA

Embraer SA

Estacio Participacoes SA

Gerdau SA

Marcopolo SA

Metalurgica Gerdau SA

Usinas Siderurgicas de Minas Gerais SA

Kroton Educacional SA

Raia Drogasil SA

MRV Engenharia e Participacoes SA

CCR SA

BRF SA

Oi SA

Telefonica Brasil SA

M Dias Branco SA

Cyrela Brazil Realty SA Empreendimentos e Participacoes

Cia Brasileira de Distribuicao

Petroleo Brasileiro SA

Petroleo Brasileiro SA

JBS SA

WEG SA

CPFL Energia SA

Natura Cosmeticos SA

Suzano Papel e Celulose SA

Tim Participacoes SA

Porto Seguro SA

Arteris SA

Qualicorp SA

Sul America SA

Eneva SA

Lojas Americanas SA

Lojas Americanas SA

Cia Hering

Banco do Estado do Rio Grande do Sul SA

Banco Santander Brasil SA

Tractebel Energia SA

EDP - Energias do Brasil SA

AES Tiete SA

Cia Paranaense de Energia

Souza Cruz SA

Ultrapar Participacoes SA

Cosan SA Industria e Comercio

Transmissora Alianca de Energia Eletrica SA

EcoRodovias Infraestrutura e Logistica SA

Fibria Celulose SA

Cielo SA

Localiza Rent a Car SA

Ambev SA

Hypermarcas SA

Cia Energetica de Sao Paulo

Vale SA

BR Properties SA

Lojas Renner SA

Klabin SA

TOTVS SA

Cia Energetica de Minas Gerais

Banco Bradesco SA

Multiplan Empreendimentos Imobiliarios SA

Vale SA

BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros

BB Seguridade Participacoes SA

Itausa - Investimentos Itau SA

CETIP SA - Mercados Organizados

Banco Bradesco SA

Multiplus SA

Duratex SA

Itau Unibanco Holding SA

Cia de Saneamento de Minas Gerais-COPASA

BR Malls Participacoes SA

Bradespar SA

Banco do Brasil SA

Centrais Eletricas Brasileiras SA

Cia de Saneamento Basico do Estado de Sao Paulo

Cia Siderurgica Nacional SA

Braskem SA

Centrais Eletricas Brasileiras SA

Brazil Index