BOVS11 is the smallest of Brazil's Ibovespa tracker funds — a single unit buys you a sliver of every major stock on the São Paulo exchange, wrapped in a low-cost package from one of the country's oldest banking families. At roughly R$25.6 million (about US$4.9 million) in net assets, it is a genuine David in a market dominated by BlackRock's BOVA11 giant — but it costs investors almost nothing to run. Key Facts — Safra Ibovespa Fundo de Índice (BOVS11) Full nameSafra Ibovespa Fundo de Índice – Responsabilidade Limitada Ticker …
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