BBVA launches two new ETFs on FTSE indexes

FTSE has granted Spanish banking group BBVA a licence to launch two new ETFs on the FTSE Latibex Brasil Index and the Latibex Top Index.

The Latibex Brasil Index is a euro-denominated tradable index covering Brazilian stocks, and ranks the 13 most liquid listed on Latibex by free-float adjusted market cap. The Latibex Top Index consists of 15 stocks from the Latibex All-Share Index. It is free-float adjusted and capped at 20%, covering countries including Brazil, Chile & Mexico.

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