The Bovespa Index tracks the
performance of a basket of stocks that trade on the Sao Paulo Exchange. Started
in 1968, the index consists of some of the largest and most heavily traded
issues in the Brazilian market. The various components of the Bovespa Index
account for more than 80% of market trading volume and more than 70% of the
market value of all stocks trading on the Sao Paulo Exchange. Thanks to its
status as a market cap weighted index, the largest firms tend to have the
greatest impact on the Bovespa's value.
Additional Information:
Bovespa Homepage
Bloomberg Bovespa Page