Eye on The Brazilian ETF (ETF: EWZ)

Markets south of the border have been hot. EWZ (Brazil ETF) has been one of those where good gains have been realized while volatility remains high.

Some investors watch the more publicized Bovespa Index trying to match it to the performance of EWZ. That would confuse them, since today the Bovespa was down 1.3% while EWZ fell 1.7%. EWZ is tied to the MSCI Brazil Index which (thank you Morgan Stanley) is difficult to find unless you’re an institutional customer of MS. If you look at the product “tear sheet