Global X Brazil Mid-Cap ETF (BRAZ) - NYSEARCA
  • Yesterday, 4:54 AM
    • Days before the Summer Olympics begin in Brazil, the country's central bank will release June's current-account figures.
    • Brazil has a shrinking deficit, and the data could reflect potential damage from a recent strengthening of the real.
    • While some athletes are staying away from the games this year due to Zika concerns, over 10,000 players are expected to participate.
    • ETFs: EWZ, BRF, BRZU, BZF, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Yesterday, 4:54 AM
  • Fri, Jul. 1, 4:04 AM
    • A string of embarrassing incidents five weeks before the Olympics kick off in Rio has put organizers on edge as Brazil suffers its worst recession in decades.
    • This week, a human foot washed ashore just yards from where beach volleyball players will compete, several muggings of athletes took place, and the country's top antidoping official was replaced after Rio's testing facility was suspended by international authorities.
    • "I hate to use this phrase again, but it's like another perfect storm," announced organizing committee spokesman Mario Andrada.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Fri, Jul. 1, 4:04 AM | 13 Comments
  • Tue, Jun. 28, 4:22 PM
    • The central government posted a primary budget deficit of 15.494B reals ($4.68B) in May - the largest-ever May deficit, but slightly less than expectations.
    • The government's estimate for a full year deficit of 170.5B reals remains on track, says new Treasury chief Ana Paula Vescovi, who also says her department will not authorize a new credit line for Rio de Janeiro to finish a metro line for the Olympics until the state pays previous debts with the federal government.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Tue, Jun. 28, 4:22 PM | 4 Comments
  • Wed, Jun. 22, 6:20 AM
    • Acting Brazilian President Michel Temer has authorized the transfer of 2.9B reais ($849M) from the federal government to Rio de Janeiro state, which is struggling with a fiscal crisis less than two months before the Olympic Games.
    • Rio declared a "public calamity" last week as a result of its deteriorating finances, which have forced deep cuts to crucial services such as education, health care and policing.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Wed, Jun. 22, 6:20 AM | 8 Comments
  • Sun, Jun. 19, 8:28 AM
    • Brazil's government has agreed to provide funding to Rio de Janeiro after the host of this year's summer Olympics declared a state of financial emergency.
    • Acting President Michel Temer's administration will ask Congress to authorize a one-time payment of 2.9B reais ($850M) to help the state complete work on its subway system and pay civil servants, including overtime for police officers.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Sun, Jun. 19, 8:28 AM | 17 Comments
  • Thu, Jun. 16, 11:54 AM
    • Brazil’s Acting President Temer denies allegations that he sought inappropriate campaign donations for his party, after being directly implicated in the Petrobras (PBR -1.7%) corruption investigation for the first time.
    • The former head of PBR's transportation unit said in newly released plea bargain testimony that he organized at Temer’s request a donation from a construction firm to Temer’s party in exchange for a leg up on winning contracts.
    • Brazilian news media have reported leaked portions of plea testimony in recent weeks, including allegations that resulted in two of Temer’s cabinet ministers stepping down last month.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, Jun. 16, 11:54 AM | 8 Comments
  • Thu, Jun. 16, 4:19 AM
    • Violence is spreading in Venezuela, leaving five dead, at least 30 injured and 400 arrested after the latest bout of looting and food riots.
    • Argentina released inflation figures - which rose 4.2% in May - for the first time since Mauricio Macri became president in December.
    • The fledgling administration of Brazil's acting President Michel Temer was rocked by fresh corruption allegations linked to state oil company Petrobras (NYSE:PBR).
    • ETFs: EWZ, BRF, ARGT, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, Jun. 16, 4:19 AM | 9 Comments
  • Wed, Jun. 15, 6:36 AM
    • Brazil's Supreme Court has denied ex-president Lula da Silva a privileged legal protection, increasing the likelihood he will be arrested in connection with a corruption probe centered around Petrobras (NYSE:PBR).
    • Meanwhile, Speaker Eduardo has lost his seat for allegedly lying about undeclared Swiss bank accounts and President Dilma Rousseff has been stripped of some perks, including her use of Air Force planes and hotel bill allowances.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Wed, Jun. 15, 6:36 AM | 10 Comments
  • Fri, Jun. 10, 5:11 AM
    • Brazil is considering an emergency loan to the cash-strapped states of Rio de Janeiro, Minas Gerais and Rio Grande do Sul, as it prepares to host the Olympic Games in less than two months.
    • The three states would then transfer their stakes in public sector-led companies to the federal government, which could in turn sell them to private investors as it did during the last states' debt restructuring in the late 1990s.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Fri, Jun. 10, 5:11 AM
  • Wed, Jun. 1, 4:31 PM
    • Q1 GDP fell 0.3%, better than the expected 0.8% fall looked for by economists. Helping the result was a big jump in government spending, but with fiscal policy set to tighten in H2, this prop will go, says Capital Economics' Neil Shearing.
    • Shearing notes consumer spending contracted by 1.7% from Q4, and is now down by 9% since the start of 2015. Investment spending fell 2.7%. Boosting the overall print were a surge in exports and drop in imports.
    • The Bovespa added 1.1% today. EWZ +1.7%
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Wed, Jun. 1, 4:31 PM
  • Tue, May 31, 7:37 AM
    • Brazil Transparency Minister Silveira, whose job is to fight corruption, resigned yesterday after leaked recordings indicated he tried to subvert the government's corruption probe.
    • In the recordings, Silveira criticizes prosecutors in the Operation Car Wash probe focused on Petrobras (NYSE:PBR), which has implicated dozens of politicians and led to the imprisonment of top executives, and advises the president of the Senate on how to dodge the investigations.
    • Last week, the Planning Minister took a leave of absence after another recording appeared to catch him talking about the need to slow down the investigations.
    • Relevant tickers: BBD, BSBR, ITUB, GOL, VALE, EBR, CPL, CIG, ERJ
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Tue, May 31, 7:37 AM | 22 Comments
  • Mon, May 30, 4:22 AM
    • Already hit by a recession and political turmoil, Brazil has come under more pressure from 150 health experts who have called for the postponement or relocation of the 2016 Olympics in Rio de Janeiro because of the Zika epidemic.
    • The World Health Organization rejected the idea, however, and said that suspending the Olympics or staging them elsewhere would "not significantly alter" the spread of the virus, which is linked to serious birth defects.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Mon, May 30, 4:22 AM | 10 Comments
  • Tue, May 24, 3:20 PM
    • Brazil's sovereign wealth fund was founded eight years ago, and anyone paying attention then might have heard a loud bell ringing for the top of the commodity bubble.
    • Acting President Michel Temer says the government will withdraw about 2B reais ($560M), and use the money to help finance the budget deficit. The fund's largest holding - Banco de Brasil slumped more than 5% to a two-month low today following the announcement.
    • The fund was started with 19B reais, but the government has drained it in recent years, including a 12.4B reais withdrawal by now-suspended President Rousseff in 2012.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Tue, May 24, 3:20 PM | 9 Comments
  • Fri, May 20, 2:55 PM
    • Petrobras (PBR +1.1%) is higher in today's trade as investors react favorably to the appointment of Pedro Parente to lead the company, but pull back from sharp early gains as the new boss still faces the same old problems.
    • Brazil's interim president Temer “gave a very clear orientation... There will be no political appointments in Petrobras,” Parente told reporters, which "greatly facilitated my decision" to accept the job offer.
    • Many blame the scandal surrounding PBR, in which former executives conspired with politicians and contractors to extract billions of dollars of bribes and kickbacks, on the former ruling coalition’s practice of placing political appointees in the company.
    • But Parente faces a $450B real ($126.3B) debt at the end of March that is estimated to be the largest of any oil company in the world.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Fri, May 20, 2:55 PM | 4 Comments
  • Wed, May 18, 10:22 AM
    • The NYSE suspends U.S. trading of Eletrobras (NYSE:EBR) and begins delisting procedures after the Brazilian power utility said it would miss today's deadline for submitting its 2014 financial results.
    • EBR says it plans to appeal the decision while continuing to work on finishing the delayed reports; the company already has delayed its SEC filing three times as it conducts internal investigations into corruption allegations.
    • A delisting may prompt investors to sell and Brazil’s government will end up buying the ADRs, says a senior director at Fitch Ratings; Brazil’s government has signaled that delisting would put pressure on its Treasury and is pressing EBR to complete its investigation.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAZ, UBR, DBBR, FBZ
    | Wed, May 18, 10:22 AM
  • Tue, May 17, 10:48 AM
    • New finance minister Henrique Meirelles nominated Itau Unibanco chief economist Ilan Goldfajn to replace Alexandre Tombini atop the country's central bank.
    • Alongside the nomination - which must be confirmed by the Senate - Meirelles is proposing a constitutional amendment to grant the central bank greater independence from the government.
    • Under Tombini (who took over in 2011), the bank has boosted interest rates to a nine-year high to help fight perky inflation. It's unclear who will be in charge at the next policy meeting set for June 7-8.
    • The Bovespa is lower by 1.1%. EWZ -1%
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Tue, May 17, 10:48 AM
BRAZ Description
The Global X Brazil Mid Cap ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Brazil Mid Cap Index.
See more details on sponsor's website
Country: Brazil
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