Global X Brazil Consumer ETF (BRAQ) - NYSEARCA
  • Tue, Apr. 5, 4:34 PM
    • Thought to be the successor to President Rousseff should she be forced from office, Vice-President Michael Temer needs to have impeachment proceedings begun against him, according to a Brazilian Supreme Court justice.
    • The charges are over whether he helped doctor budget accounting while part of the Rousseff administration. Another congressional committee is looking at similar charges against Rousseff.
    • Previously: Rousseff's likely successor has own legal baggage (March 29)
    • Although the full court can overturn this decision, Rousseff opponents will now have to consider whether it's a good idea to force her out when Temer may not be able to step in.
    • The Bovespa gained 0.55% today.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    • Now read: Time To Move Into Brazil? (April 4)
    | Tue, Apr. 5, 4:34 PM | 2 Comments
  • Tue, Apr. 5, 3:07 AM
    • Brazil's lower house committee has now heard final arguments from representatives of the government and opposition regarding President Rousseff's impeachment, and could make its recommendation to the full house next week.
    • If 342 of 513 lawmakers see grounds for her removal, the case goes to the Senate.
    • Rousseff's legal team on Monday urged Brazil's Congress to reject the proceedings, arguing that the case lacks legal basis and ought to be thrown out.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Tue, Apr. 5, 3:07 AM
  • Tue, Mar. 29, 4:53 PM
    • The Brazilian Democratic Movement Party (PMDB) - the country's largest - has left the governing coalition of President Dilma Rousseff just weeks before she faces a congressional impeachment vote.
    • While not totally unexpected, the loss of this key ally likely will lead other parties to follow suit, says University of Brasilia Professor David Fleischer, calling PMDB's exit "a big game change ... This makes her impeachment much more likely."
    • Vice President Michel Temer is a PMDB member and likely successor to Rousseff should she exit the presidency.
    • Rousseff has canceled a previously planned trip to take part in a D.C. nuclear security summit.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, UBR, DBBR, FBZ
    | Tue, Mar. 29, 4:53 PM | 6 Comments
  • Tue, Mar. 29, 9:26 AM
    • With Brazilian President Rousseff's days in offices looking increasingly numbered, attention turns to Vice President Michel Temer, who would be in line to succeed her.
    • The book on Temer says he's more of a business-friendly pragmatist than Rousseff - so far, so good. Temer, however, risks being touched by the same corruption scandal dogging Rousseff. Opposition parties have asked for the 2014 election results to be annulled, arguing it was influenced by Petrobas kickbacks. If a court finds so, Temer could fall as well, meaning new elections or an indirect vote by Congress.
    • The corruption probe has also moved on from Rousseff's party to Temer's PMDB, and the heads of both houses from Congress are under investigation.
    • "Temer will be a second Dilma," says Seeking Alpha contributor Paulo Santos. "We need new elections."
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, UBR, DBBR, FBZ
    | Tue, Mar. 29, 9:26 AM
  • Tue, Mar. 29, 2:42 AM
    • Brazil's largest party will decide whether to break away from President Dilma Rousseff's floundering coalition today, sharply raising the odds she'll be impeached amid a corruption scandal.
    • Brazil's stocks and currency rose Monday on the prospect of her removal. Many blame Rousseff for running Latin America's largest economy into the ground, as the country grapples with a major Zika epidemic and scrambles to host the Olympic Games in August.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZF, BRAQ, BZQ, BRAZ, UBR, DBBR, FBZ
    | Tue, Mar. 29, 2:42 AM | 3 Comments
  • Wed, Mar. 23, 6:56 PM
    • Shares in Brazil tumbled today after construction giant Odebrecht agreed to cooperate with corruption investigators in exchange for leniency.
    • As reported by Barron's Dimitra DeFotis, Eurasia Group says the plea agreement from Odebrecht is an important signpost in potentially incriminating Pres. Rousseff, and now expects impeachment by late April or early May.
    • The Economist doubts Rousseff can survive past next month, remarking that by naming Lula da Silva as her new chief of staff, she “put the interest of her political tribe above the rule of law."
    • In today's U.S. trade: PBR -7.1%, PBR -5.8%, VALE -9.4%, BBD -5.9%, ITUB -5.7%, BSBR -2.5%, EBR -5.7%, CPL -5.1%, CIG -4.9%.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Wed, Mar. 23, 6:56 PM | 48 Comments
  • Wed, Mar. 23, 4:24 AM
    • Brazilian President Dilma Rousseff assured supporters late Tuesday that she'll never resign and told them the impeachment process against her in Congress amounts to a coup attempt.
    • Pressure to impeach Rousseff has grown in recent weeks as prosecutors in charge of the anticorruption probe centered on oil giant Petrobras brought the president's predecessor and mentor, Lula da Silva, in for questioning on suspicion he benefited from the scheme.
    • Last week, Rousseff appointed da Silva as her chief of staff.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Wed, Mar. 23, 4:24 AM | 24 Comments
  • Fri, Mar. 18, 3:56 AM
    • Former Brazilian President Lula da Silva was sworn in as chief of staff to his successor Dilma Rousseff on Thursday as a judge sought to block his appointment and Congress began proceedings to impeach Rousseff amid the country's deepening crisis.
    • Brazil's Bovespa stock index rallied 6.6%, its biggest daily jump in seven years, and the Brazilian real firmed 2.3% as the political crisis increased bets that Rousseff's ouster could bring a more market-friendly administration to power.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Fri, Mar. 18, 3:56 AM | 2 Comments
  • Thu, Mar. 17, 11:57 AM
    | Thu, Mar. 17, 11:57 AM | 12 Comments
  • Thu, Mar. 17, 10:19 AM
    | Thu, Mar. 17, 10:19 AM | 16 Comments
  • Thu, Mar. 17, 3:06 AM
    • Protests swept across Brazil late Wednesday after explosive phone recordings fueled accusations that President Dilma Rousseff had appointed her predecessor Lula da Silva as a minister to grant him immunity.
    • State prosecutors requested Lula's arrest last week over charges of money laundering and fraud, accusing the former president of secretly owning a beachside penthouse at the center of the country's corruption scandals.
    • With Lula back, many are asking: Who is really in charge of Brazil?
    • Previously: Brazil slides further on Lula, rumor of central bank chief exit (Mar. 16 2016)
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Thu, Mar. 17, 3:06 AM | 2 Comments
  • Wed, Mar. 16, 11:56 AM
    • Former President Lula de Silva will become chief of staff for President Dilma Rousseff, meaning only the country's Supreme Court has the power to put him on trial.
    • “This seems to be another shot in the dark by this government that is desperate to remain in power," says an analyst.
    • Also impacting is chatter that central bank President Tombini will exit his post.
    • The Bovespa has added to yesterday's 3.6% plunge with a 1% decline so far this session. The real off another 1.6% vs. the dollar.
    • EWZ -1.5%
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ, BZF
    • Previously: Brazil rally halted on word Lula to enter Rousseff government (March 15)
    | Wed, Mar. 16, 11:56 AM | 1 Comment
  • Wed, Mar. 16, 3:02 AM
    • Lula da Silva, the former Brazilian leader facing criminal charges in a sweeping corruption probe, has agreed in principle to join President Dilma Rousseff's cabinet, Bloomberg reports.
    • However, the strategy runs the risk of backfiring, as it ties her fate to that of her mentor's, but would shield Lula from prosecution by certain courts.
    • The news led the Bovespa index to close down 3.6% on Tuesday, following Lula's detention by police earlier this month that ignited an 8.5% rally on the hope that Rousseff's days in power were numbered.
    • Previously: Brazil rally halted on word Lula to enter Rousseff government (Mar. 15 2016)
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Wed, Mar. 16, 3:02 AM | 3 Comments
  • Tue, Mar. 15, 4:57 PM
    • Brazil's Supreme Court today accepted a plea agreement by the governing Workers' Party's former leader in the Senate, whose testimony in the Petrobras (NYSE:PBR) corruption probe included allegations that the BTG Pactual bank underpaid for oil assets in Africa it bought from PBR in 2013.
    • BTG Pactual paid $1.5B for a 50% stake in PBR’s Africa division, which was less than the $2.7B valuation estimate from consulting companies hired by the oil producer to review the divestment, according to the plea document.
    • Among the other accusations, Brazilian Pres. Rousseff knew about a scheme to buy a refinery in the U.S. at an inflated price, and Rousseff and a former justice minister appointed a justice to a high court in a bid to secure the release of some people detained in the "Car Wash" corruption probe.
    • The accusations are the first directly implicating Rousseff herself in the corruption scheme.
    • Earlier: Brazil rally halted on word Lula to enter Rousseff government
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Tue, Mar. 15, 4:57 PM | 32 Comments
  • Tue, Mar. 15, 10:57 AM
    | Tue, Mar. 15, 10:57 AM | 26 Comments
  • Mon, Mar. 14, 4:02 AM
    • More than one million people marched through cities across Brazil on Sunday to protest political corruption, a weak economy, and to call for the impeachment of President Dilma Rousseff, in a showing that could accelerate efforts to remove her from office.
    • The demonstration in Sao Paulo was the largest ever recorded by polling firm Datafolha, surpassing even the 1984 rallies to demand direct presidential elections near the end of the country's 20-year military dictatorship.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Mon, Mar. 14, 4:02 AM | 3 Comments
BRAQ Description
The Global X Brazil Consumer ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Brazil Consumer Index.
See more details on sponsor's website
Country: Brazil
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