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BEWY39

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1m

Analysis and statistics

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About

BEWY39.SA represents Brazilian Depositary Receipts (BDRs) of Beyond Meat Inc. These BDRs allow Brazilian investors to indirectly invest in the U.S.-listed company, Beyond Meat, which is known for producing plant-based meat alternatives. Each BEWY39.SA BDR corresponds to a fraction of a share of Beyond Meat's common stock traded on the NASDAQ (BYND). Investors in BEWY39.SA are subject to currency exchange rate fluctuations between the Brazilian Real and the U.S. dollar, as well as the performance of Beyond Meat's shares in the U.S. market.
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Factors

Underlying Asset Performance: The ETF's price mirrors the performance of its underlying assets, typically Brazilian equities, so their price fluctuations directly impact the ETF. Investor Demand: Higher demand for the ETF pushes its price up, while increased selling pressure leads to a price decrease. Economic Conditions in Brazil: Macroeconomic factors like inflation, interest rates, and GDP growth in Brazil affect the valuation of Brazilian companies and, therefore, the ETF. Global Market Sentiment: Overall global investor sentiment towards emerging markets and risk assets influences the demand for and price of the ETF. Currency Exchange Rates: Fluctuations in the exchange rate between the Brazilian Real (BRL) and other currencies, like the US dollar, can impact the ETF's price.

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