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THRA11

$--
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1d
1w
1m

Analysis and statistics

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About

THRA11.SA is the ticker symbol for a Brazilian Exchange Traded Fund (ETF) that tracks the Teva Indices IRF-M NTN-B Principal ETF. It aims to replicate the performance of a portfolio composed of Brazilian inflation-linked government bonds (NTN-B Principal) with maturities generally longer than 5 years. Investors use this ETF to gain exposure to Brazilian inflation-protected fixed income without directly purchasing individual bonds.
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Factors

Factor: Net Asset Value (NAV)

Explanation: THRA11.SA price is heavily influenced by the NAV of the underlying assets, predominantly Brazilian farmland properties. A higher NAV typically leads to a higher ETF price and vice-versa.

Factor: Market Sentiment

Explanation: Overall investor sentiment towards Brazilian agriculture and real estate impacts THRA11.SA. Positive sentiment can drive demand and price up, while negative sentiment causes the opposite.

Factor: Interest Rates

Explanation: Changes in Brazilian interest rates affect the attractiveness of real estate investments compared to fixed income. Rising rates may decrease demand for THRA11.SA, lowering its price.

Factor: Exchange Rate (BRL/USD)

Explanation: As the ETF holds assets denominated in Brazilian Real, the BRL/USD exchange rate affects returns for international investors. A weaker Real can negatively impact the ETF price.

Factor: Agricultural Commodity Prices

Explanation: The profitability of Brazilian farmland is linked to agricultural commodity prices (soybeans, corn, etc.). Higher prices generally boost farmland value and THRA11.SA price.

Factor: Fund Management Decisions

Explanation: The fund manager's strategies on acquiring, managing, and selling farmland assets significantly influence the ETF's performance and, consequently, its price.

Factor: Liquidity and Trading Volume

Explanation: Higher liquidity allows for easier buying and selling of THRA11.SA, potentially stabilizing its price. Low liquidity can increase price volatility.

Factor: Inflation in Brazil

Explanation: High inflation can erode the real value of assets, including farmland, potentially impacting the NAV and THRA11.SA price negatively.

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