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iShares MSCI Brazil ETF

EWZ tracks a market-cap-weighted index of Brazilian firms covering the entire market-cap spectrum.

EWZ benefits from a Brazilian monetary authority that is addressing inflation with rate hikes, and a BRL that is also supported by major commodity exports. Brazilian terms of trade are good, and EWZ gives you exposure to the parts of the economy that are the envy of commodity importers right now.

EWZ: Don't Worry About The BRL, So It's All About Your Commodity View

Brazil economic indicators have surprised to the upside. The country appears to be a bright spot compared to global recessionary fears.

EWZ: Bullish As Brazil Macro Turns Positive

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Economies of Latin America and Caribbean have continued their strong post-pandemic rebound, but the winds are shifting as global financial conditions are tightening and commodity prices are reversing their upward trend, while inflationary pressures persist. The reopening of contact-intensive sectors, especially hospitality and travel, the unwinding of pandemic pent-up demand, and still favorable external financial conditions supported a solid expansion in the first half of the year, allowing services to catch up with manufacturing, and employment to reach pre-pandemic levels.

Shifting Global Winds Pose Challenges To Latin America

The MSCI Brazil index now trades at a forward P/E ratio of 5.1x, which is below the nadir seen at the height of the Global Financial Crisis in 2008. Such incredibly cheap valuations contrast with the relatively low degree of country risk, as shown by low credit default swap spreads.

EWZ: Bargain Hunting

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Emerging market banks will likely be among some of the most interesting contrarian buys within emerging markets, as investors will likely shift to safer consumer themed stocks. Economic and political sentiment will continue to be poor among emerging markets, so stocks have certainly not reached a final bottom.

Outlook For Emerging Market Banks

After the recent selloff in Brazilian stocks, the iShares MSCI Brazil ETF has seen its dividend yield rise back up to 6.8%, while the underlying index now yields 9.7%. The 9.7% dividend yield on the MSCI Brazil is largely the result of two major stocks - Vale and Petrobras - which trade at extremely cheap valuations.

EWZ: Huge Dividend Yield Is Worth The Risk

Wall Street witnessed its worst performance in Q1 in two years due to the Russia-Ukraine war, red-hot inflation and rising-rate worries after an upbeat 2021.

Latin America ETFs Breeze Past S&P 500 YTD: Here's Why

After years of underperformance, Latin America region-related exchange traded funds are finally beginning to shine. The broad iShares Latin America 40 ETF (ILF) has increased 32.7% year-to-date, while the country-specific iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) was among the standouts this year, advancing 40.8%.

Latin America ETFs Are Enjoying a Rare Moment in the Limelight

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‘SPY' registered its first quarterly decline in two years, but it could have been worse; commodity ETFs surged.

Best & Worst Performing ETFs Of 2022

Despite outperforming EM stock by almost 50% this year, Brazilian stocks remain cheap and look to be embarking on a sustained uptrend thanks in part to rising commodity prices.

EWZ: Sticking With This Outperformer

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Resource-rich emerging markets, along with country-related exchange traded funds, are benefiting from the rally in commodities as the Russia-Ukraine war and sanctions weigh on the supply outlook for many major raw resources. For instance, oil exporters like Saudi Arabia, Angola, Uruguay, and Qatar have strengthened.

Resource-Rich Emerging Market ETFs Are Winning in the Russia-Ukraine War

Brazilian equities and country-specific exchange traded funds have been rallying this year as Luiz Inacio Lula da Silva, the left-wing leader and previous president of the country two decades ago, has made a comeback. On Monday, the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) increased 16.4% and the Franklin FTSE Brazil ETF (NYSEArca: FLBR) advanced [.

Brazil ETFs Have Been Rallying on Moderate Lula's Return

Investors rushing in because Brazil looks cheap by financial ratios may not be looking at the whole picture. The MSCI Brazil ETF is a heavily concentrated bet on Brazil's principal miner, oil producer, and financial institutions.

Brazil (EWZ): A Bull Trap?

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IShares MSCI Brazil Small-Cap ETF: Good Risk-Reward

Brazil's central bank has raised interest rates to curb inflation, and is probably not done. That will depress growth, but stocks are trading at a discount.

Brazil Lures Value Investors. Don't Expect a Carnival.

By Michael Venuto At the ETF Think Tank, we often say “don't think alone” (a pun from our Happy Hour). When it comes to making sense of markets, investing and all aspects of the ETF industry, thinking through questions and issues together is not only productive, but it's also enlightening and fun.

Brazil ETFs, Poucos Entendem Isso

The main disruption for Latin American traders comes from increased shipping costs and long delays to products arriving at their destinations. Latin American exporters of fruit, meat, and other perishables were not critically affected by delays until mid-2021, with perishable goods shipped through direct routes that often avoid bottlenecks.

Supply Chains Disruptions In Latin America

Latin America will start 2022 in a very fragile position given the economic fallout from the Coronavirus disease 2019 (COVID-19) pandemic, a deteriorated fiscal position, weak FDI, and the erosion of real wages due to high inflation. The strong economic rebound in the second half of 2021 is likely to slow in 2022, not least because of rising policy rates (notably in Brazil).

Emerging Risks In Latin America In 2022

The EWZ's dividend yield is currently a world-beating 7.8%, reflecting the 9.1% yield on the underlying MSCI Brazil index. On average, markets have returned 94% in the year following periods when the dividend yield exceeds the PE ratio. This includes the 178% returns seen in Brazilian stocks in 2008-2009.

EWZ: 8% Dividend Yield Suggests Major Upside

Brazilian equities might be undervalued; in any case, high returns are on offer. A key risk is the USD/BRL exchange rate, which is likely to worsen (i.e., appreciate), given Brazil's poor current account.

EWZ: Brazilian Equities Are Undervalued

The Central Bank of Brazil has embarked on a series of shock-and-awe rate hikes in order to not fall further behind. Following its last meeting, Banxico said again that it expected inflation to be transitory, carefully echoing the Fed's Powell. Due to the magnitude of price shocks, and their spread across the economy, Banxico said it deemed it necessary to raise its policy rate.

Central Banks In Latin America's Largest Economies Grapple With Raging Inflation

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In the latest World Economic Outlook Report, the IMF said "the dangerous divergence in economic prospects across countries remains a major concern". While the IMF focused on the "vaccine divide" between developed and developing nations, there are other divergences at play.

'Dangerous Divergences'

Vaccination campaigns and fiscal support have sparked an economic rebound since the second half of last year, despite an apparent loss of momentum in the third quarter of this year. Even up to this point, the region's recovery has been uneven and the future looks uncertain. Latin America is caught betwe

Could The U.S. And China Spoil Latin America's Rebound?

Brazil has long been thought of as a basket case economy, mostly due to profligate public spending. In the last couple of months, the same fears are coming to the fore.

EWZ: Brazil Was A Basket Case, But... Before COVID-19

Brazilian stocks have underperformed significantly due to excess fiscal spending, rising inflation, concerns over next year's election, and a collapse in iron ore costs. As a result, the MSCI Brazil index trades at a forward price-to-earnings ratio of just 6.5x and a forward dividend yield of 7.3%.

EWZ: Brazil Is A Buy Amid Surging Dividend Yield

News for iShares MSCI Brazil ETF ETF (EWZ)