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iShares MSCI Brazil Capped ETF (EWZ)

  • Jun. 20, 2013, 10:42 AM
    Stocks continue to slide with the Dow (DIA -1.6%) at a session low and off 240 points just over an hour into the session. Among sectors, small caps (IWM -2.1%) are underperforming, as is energy (XLE -2.4%). WTI crude (USO -2.8%). In Europe, the Stoxx 50 is off 3.5%. Among emerging markets still open, Brazil is off 3%, but the Brazil ETFs (EWZ -4.7%), (BRF -6.4%) are faring even worse, their decline compounded by a 2% fall in the real (BZF).
    | Jun. 20, 2013, 10:42 AM | 3 Comments
  • Jun. 18, 2013, 11:21 AM
    Brazil (EWZ, BRF) has to be nearing a bottom. After a couple of years of struggles for both the economy and the Bovespa, the eulogies are beginning to be written for the planet's next great country, lately been beset by waves of protests and evaporating support for President Rousseff. "The golden days are over, the feel-good factor is lost," says an economics professor. "It was a short-lived dream," says a struggling electrician.
    | Jun. 18, 2013, 11:21 AM | 5 Comments
  • Jun. 17, 2013, 10:27 AM
    Brazil is facing a ratings downgrade in early 2014, says Barclays, thanks to a combination of weak growth and fiscal deterioration. The central bank's hawkish rhetoric is nice, but only a major change in fiscal policy will prevent the downgrade and "rekindle positive investor sentiment." As a result, the real (BZF) should remain under pressure. Stocks (EWZ, BRF) continue to underperform. They failed to get a boost from easy monetary policy in 2012 and now must deal with a rate hike cycle.
    | Jun. 17, 2013, 10:27 AM | Comment!
  • Jun. 14, 2013, 4:35 PM
    The week's ETF movers - Gainers: VXX +9.2%. FXY +3.2%. SLV +2.3%. SIVR +2.0%. OIL +1.8%.
    ETF Losers: KOL -5.8%. VNM -5.7%. FXI -4.7%. GDXJ -4.2%. EWZ -4.2JI%.
    | Jun. 14, 2013, 4:35 PM | Comment!
  • Jun. 5, 2013, 2:40 PM
    Shares of beaten down OGX Petroleum (OGXPY.PK +1.7%) are bucking today's Brazilian selloff on better production numbers; oil and gas output in May climbed to 18.2K bbl/day, recovering from April when the company was forced to repair equipment. Most Brazilian shares (EWZ -1.8%), including Petrobras (PBR -3.6%), are sharply lower.
    | Jun. 5, 2013, 2:40 PM | Comment!
  • Jun. 3, 2013, 9:17 AM
    Brazil's manufacturing growth remains about flat, the May PMI coming in at 50.4 vs. 50.8 previously. It's the weakest read in 7 months. "Anecdotal evidence pointed to muted demand from European clients." The MSCI Brazil Index (EWZ) is off 9% YTD, but up 1% in the premarket.
    | Jun. 3, 2013, 9:17 AM | Comment!
  • May 31, 2013, 5:02 PM
    The week's ETF movers - Gainers: GDXJ +7.5%. GDX +7.3%. URA +2.4%. VXX +2.4%. VNM +1.7%.
    ETF Losers: GAZ -8.9%. BRF -8.5%. EWZ -6.8%. UNG -6.7%. VNQ -5.2%.
    | May 31, 2013, 5:02 PM | Comment!
  • May 30, 2013, 7:15 AM
    Brazil's central bank hiked rates overnight by an unexpectedly large 50 bps, the Selic now residing at 8%. The move comes even as growth came in at a meager 1.95% in Q1. Inflation, however, is accelerating and recently breached the upper band of the bank's 2.5%-6.5% target. The country is the only member of the G-20 currently in rate-hike mode. EWZ -6.3% YTD.
    | May 30, 2013, 7:15 AM | Comment!
  • May 8, 2013, 2:52 PM
    The recent selloff in commodities (DBC) is not a correction, says Stan Druckenmiller, now on stage at Ira Sohn, but instead the end of the supercycle. Avoid commodity markets - Brazil (EWZ, BRF, BRL), South Africa (EZA, SZR), Canada (EWC, FXC). "Frankly, I'd short the aussie (FXA)." His largest equity holding? "I can't imagine a better position than Google (GOOG)" - selling for 16x earnings and no exposure to China.
    | May 8, 2013, 2:52 PM | 4 Comments
  • May 1, 2013, 10:52 AM
    Investors wanting leveraged bearish exposure to Brazil (EWZ) and South Korea (EWY) get two new offerings today as Direxion launches the Daily Brazil Bear 3x ETF (BRZS) and the Daily South Korea Bear 3x ETF (KORZ). The bull versions (BRZU, KORU) of these funds launched about a month ago.
    | May 1, 2013, 10:52 AM | Comment!
  • Apr. 17, 2013, 8:13 PM
    Responding to percolating inflation even amid lame economic growth, Brazil's central bank hikes its benchmark rate for the first time in nearly 2 years, lifting the Selic 25 bps to 7.5%. The poor Bovespa - the bank's recently-completed rate-cutting cycle failed to do much for Brazilian stocks, and now it's back to tightening again. EWZ -31.9% over the last 2 years.
    | Apr. 17, 2013, 8:13 PM | 1 Comment
  • Apr. 10, 2013, 4:42 PM
    Direxion launches two triple-leveraged single-country ETFs today - Daily Brazil Bull 3X Shares (BRZU) and Daily South Korea Bull 3X Shares (KORU). Both the funds have an expense ratio of 0.95%, much higher than counterparts FKO and FBZ (0.80%) and EWY and EWZ (0.60%), but matching UBR (0.95%). The timing of the launch is interesting as both countries have struggled to perform recently, with iShares' Brazil fund EWZ -13.4% (last 12 months) and -2.4% (YTD). EWY (South Korea) is -6.2% (last 12 months) and -12.3% (YTD).
    | Apr. 10, 2013, 4:42 PM | Comment!
  • Apr. 1, 2013, 9:10 AM
    Brazil's PMI slows to 51.8 in March from 52.5 previously, but remains in expansion territory for the 6th consecutive month. The average of 52.5 for Q1 is higher than the 51.2 pace for 2012 Q4. Price pressures percolate with input prices rising at their fastest pace in almost 2 years. EWZ -0.25% premarket.
    | Apr. 1, 2013, 9:10 AM | Comment!
  • Mar. 27, 2013, 12:28 PM
    Emerging markets have been big underperformers in 2013 and outflows from their ETFs (EEM, VWO) have picked up speed in recent days. Single country ETFs are beginning to see spillover, with EWZ and RSX notable for redemption activity of late. Every single one of the top 7 single-country components of the MSCI EM Index (EEM) is down YTD.
    | Mar. 27, 2013, 12:28 PM | Comment!
  • Mar. 27, 2013, 11:29 AM
    Brazil puts in a sharp reversal after a gauge of inflation slows and President Rousseff - speaking in South Africa - says anti-inflation policies are outdated. The two combine to give hope the central bank will refrain from what was thought to be an imminent hike in rates. EWZ +0.6%. The real (BZF) declines for a 7th straight day.
    | Mar. 27, 2013, 11:29 AM | 1 Comment
  • Mar. 22, 2013, 4:32 PM
    The week's ETF movers - Gainers: AMJ +3.37%. VXX +2.24%. GDX +2.20%. XLP +2.13%. UNG +1.98%.
    ETF Losers: EPI -5.54%. BRF -4.26%. KOL -3.67%. EWZ -3.64%. FCG -3.43%.
    | Mar. 22, 2013, 4:32 PM | Comment!
EWZ Description
The iShares MSCI Brazil Capped Index Fund (the “Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Brazil 25/50 Index (the “Underlying Index”).
See more details on sponsor's website
Country: Brazil
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