A new small-cap ETF offers investors a way to gain exposure to Brazil while avoiding the giant commodities and materials companies.

The Market Vectors Brazil Small-Cap ETF (BRF) is the first U.S.-listed exchange-traded fund (ETF) to focus on Brazilian small-cap stocks.

Managed by Van Eck Global, the ETF tracks an index of stocks across several sectors of Brazil’s economy including homebuilding and consumer goods.  Energy and materials make up 16 percent of the fund compared to over 50 percent for the typical Brazil fund.

See the ETF Directory for a complete listing of Van Eck Global ETFs.