iShares MSCI Brazil Capped ETF (EWZ) - NYSEARCA
  • Thu, Apr. 21, 2:48 AM
    • Brazil's President Dilma Rousseff is heading to the United Nations in New York tomorrow to rally international support against her potential ouster.
    • "The focus now is on framing the impeachment as a coup," said Paulo Carlos Calmon, a political scientist at University of Brasilia. "They will tap any source of pressure they can, including foreign governments."
    • Four of Brazil's eight presidents since 1950 have failed to serve out their terms, with one impeachment, one resignation, one suicide and one military overthrow.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, Apr. 21, 2:48 AM | 14 Comments
  • Mon, Apr. 18, 10:28 AM
    • The lower house of Congress last night voted to impeach President Dilma Rousseff, and the matter now falls upon the Senate, where just a simply majority (vs. two-thirds necessary for the impeachment vote) can send her to trial (the vote is set for next month).
    • Rousseff would step temporarily step down from power while the trial takes place, leaving Vice President Michel Temer in charge.
    • While a simple majority in the Senate is needed to put Rousseff on trial, a two-thirds vote would be necessary to remove her from office - a likely result given last night's results, say political analysts.
    • Having run up on the hope of a Rousseff impeachment, the Bovespa is lower by 0.55% in today's action. EWZ -1.4%
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    • Now read: Resource Sector Digest: An Almost Indecent Proposal (April 18)
    | Mon, Apr. 18, 10:28 AM | 18 Comments
  • Sun, Apr. 17, 9:28 PM
    • The impeachment vote is still going on in the country's lower house, but the ruling Workers Party has conceded defeat, reports Reuters. At the moment, of 412 votes cast, 307 have voted to impeach President Rousseff, and 101 have voted against. A total of 344 are needed to send the process over to the Senate.
    • For those wondering what's taking so long, house members vote one-by-one, with each making a small speech alongside.
    • Once in the Senate, a simple majority would be enough to put Rousseff on trial, a decision expected in May. Were the trial to be approved, Rousseff would be suspended from office, and former (but no more) ally Vice President Michel Temer would take over.
    • Brazil's stock market, of course, has put together a powerful rally this year on hopes for Rousseff's removal. That is looking more like a reality at the moment.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Sun, Apr. 17, 9:28 PM | 18 Comments
  • Sun, Apr. 17, 9:00 AM
    • Brazil's lower house of Congress is gearing up for a crucial vote today on whether to impeach President Dilma Rousseff on charges of manipulating fiscal numbers, in a decision that could hasten the end of 13 years of Workers Party rule.
    • The recent political turmoil has seen the approval ratings of the leftist president plunge as low as 9%, and Brazil’s economy dip into its worst recession in generations.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    • Now read A Very 'Real' Investment
    | Sun, Apr. 17, 9:00 AM | 7 Comments
  • Fri, Apr. 15, 3:29 AM
    • Brazil's Supreme Court rejected a motion from the government early Friday requesting that the impeachment process against President Dilma Rousseff be suspended.
    • A majority of justices voted against the petition from Attorney General Jose Eduardo Cardozo which stated the administration hadn't received the right to a proper defense.
    • Brazil's full Chamber of Deputies is now scheduled to vote Sunday on whether to move the impeachment process forward to the Senate.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Fri, Apr. 15, 3:29 AM | 1 Comment
  • Tue, Apr. 12, 12:15 PM
    • The possible ousting of President Dilma Rousseff took at least a symbolic step forward yesterday when a congressional committee voted 38-27 to impeach her. Next up is a possible Sunday vote by the full lower body of congress on same.
    • A two-thirds majority by the full house would be needed to send the matter to the Senate. The latest polls show it's going to be close. If affirmed, the Senate would have the power to suspend Rousseff, put her on trial, and ultimately remove her from office.
    • The Bovespa is ahead 2.1%. EWZ +0.4%
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    • Now read: Time To Move Into Brazil?
    | Tue, Apr. 12, 12:15 PM | 8 Comments
  • Mon, Apr. 11, 10:40 PM
    • A committee in Brazil's lower house of Congress votes to recommend Pres. Rousseff's impeachment for allegedly manipulating public finances, a step that increases the chances of her removal from office.
    • The committee votes 38-27 in favor of impeachment, with a vote in the full lower house now expected to take place on Sunday; if two-thirds vote in favor there, the impeachment would be sent to the Senate.
    • If Brazil's Senate decides by a simple majority to put Rousseff on trial, she would be suspended for up to six months while the Senate decides her fate, and VP Michel Temer would become acting president - but he has problems of his own.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Mon, Apr. 11, 10:40 PM | 6 Comments
  • Thu, Apr. 7, 3:55 AM
    • Brazil's Congress has moved closer to impeaching President Dilma Rousseff, with the release of a report recommending that lawmakers vote in favor of her trial before the Senate.
    • The proceedings against Rousseff, who could lose power as soon as May if she does not gain more support in Congress, have gained momentum in recent weeks. Millions of Brazilians last month took part in street demonstrations calling for her ouster.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, Apr. 7, 3:55 AM | 5 Comments
  • 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
  • Fri, Apr. 1, 4:16 PM
    | Fri, Apr. 1, 4:16 PM
  • 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
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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