Thanks for the thoughts. Currency definitely has a huge impact on EWZ which is another reason I was never too convinced to buy it. The real has worked against EWZ for the last year or so, but it is worth keeping an eye on because if it turns around, EWZ would definitely benefit.
I mentioned this on one of the other comments but I'd suggest companies such as: CBD a grocery chain, ABV which sells Pepsi and beer, and as someone mentioned below CPL which is Brazil's largest private power distributor. All these stocks have been hit hard over the last few months but may be poised to capitalize on a growing middle class in the future. But also as I mentioned I'm avoiding Brazil for a while.
I personally would say no. I prefer other ways to play Brazil such as: CBD, ABV, GFA, BRF which are all companies that have been hit hard recently but may be poised to grow with a growing middle class. Although I personally am avoiding Brazil for now.
Brazil: Is It Worth The Risk? [View article]
Brazil: Is It Worth The Risk? [View article]
Brazil: Is It Worth The Risk? [View article]
Brazil: Is It Worth The Risk? [View article]
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