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PICE11

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1m

Analysis and statistics

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About

PICE11.SA refers to an Exchange Traded Fund (ETF) traded on the B3 stock exchange in Brazil. This specific ETF aims to replicate the performance of the ICE U.S. iBoxx Investment Grade 1-5 Year Corporate Bond Index. This means PICE11.SA offers investors exposure to a diversified portfolio of investment-grade corporate bonds with maturities between 1 and 5 years, denominated in US dollars and issued by companies primarily based in the United States, but through a Brazilian traded instrument. It allows Brazilian investors to gain access to this international fixed-income asset class without directly investing in foreign markets.
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Factors

[Underlying Asset Performance]: PICE11's price is primarily driven by the performance of the Teva Indices Carbon Efficient (ICE) Index, which it tracks. Upward trends in the index generally lead to an increase in the ETF's price and vice versa.

[Supply and Demand]: General market supply and demand for the PICE11 ETF itself can impact its price. Higher demand compared to available supply usually drives the price up, and increased supply with less demand can lower it.

[Expense Ratio]: PICE11 has an expense ratio, which represents the annual cost of managing the fund. This cost is indirectly factored into the ETF's price as it reduces the returns passed on to investors.

[Market Sentiment]: Overall investor sentiment towards the Brazilian stock market and ESG-focused investments can influence the demand for PICE11, impacting its price positively or negatively.

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