Seeking Alpha
 

Global X Brazil Consumer ETF (BRAQ)

- NYSEARCA
  • Sep. 22, 2014, 3:40 PM
    • "The bet is simple," says Fortress Investment's Gareth Henry, speaking at a conference in San Francisco. "Between now and the election, the probability of [incumbent Dilma Rousseff] winning is going to go a lot lower than it is today."
    • "I actually think she loses the election," says Henry, and there will be a major rally in Brazilian assets following.
    • Henry's comments echo those of Fortress Principal Mike Novogratz a few months back.
    • Previously: Fortess' Novogratz pitches Brazil at Ira Sohn
    • The Fortress Macro Fund is lower by 5.78%, net of fees, through the end of August.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRZU, BRAQ, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | 6 Comments
  • Sep. 22, 2014, 11:22 AM
    • Iron ore slumped to a new five-year low overnight as China's finance minster said not to expect anything major from Beijing to counter a recent string of weak economic data.
    • “The Chinese government is signaling it won’t be very aggressive in stimulating growth, and that’s scaring investors,” says a hedge funder in Rio, though it'll be upcoming elections as the main driver for the Bovespa.
    • The ASX (NYSEARCA:EWA) fell 1.3% in Sydney, and the aussie (NYSEARCA:FXA) is off 0.7% to $0.8865. Brazil's Bovespa is lower by 2.2%, led by Vale (VALE -4.2%).
    • Brazilian banks: Banco Bradesco (BBD -1.8%), Banco Santander Brasil (BSBR -0.6%), Itau Unibanco (ITUB -2.3%).
    • The iShares MSCI Brazil Index ETF (EWZ -2.7%)
    • Brazil ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | 1 Comment
  • Sep. 19, 2014, 12:03 PM
    • The latest Datafoha poll shows challenger Marina Silva with just a two percentage point lead over incumbent Dilma Rousseff should the two meet in a runoff election.
    • To review, the general election - with three main candidates - is October 5. If no one candidate gets 50% of the vote, the top two would face off in a 2nd round on October 26.
    • A current first-round poll show Rousseff getting 37% of the vote, Silva 30%, and 17% for Aecio Neves.
    • The Bovespa is lower by 1.1%. EWZ -1.4%
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | 1 Comment
  • Sep. 16, 2014, 12:14 PM
    • "Investors are watching election polls very closely, and people are betting that Dilma’s support is losing momentum," says one fund manager as the Bovespa jumps 3.5%. The latest polls suggest opposition candidate Marina Silva has a 70% chance of winning, says Nomura's Tony Volpon.
    • Individual names: Petrobas (PBR +8.1%), Vale (VALE +1.5%) - even amid the "End of the Iron Age", Itau Unibanco (ITUB +5.6%).
    • The iShares Brazil MSCI Index (EWZ +4%).
    • Brazil ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    • The iShares S&P LatAM 40 Index (ILF +3.1%)
    • Broad LatAm ETFs: ILF, LBJ, GML, EEML, FLN
    • Broad emerging markets: EEM +1.5%, VWO +1.6%
    | Comment!
  • Sep. 15, 2014, 11:29 AM
    • Marina Silva has a better than 50% chance of defeating incumbent Dilma Rousseff in the presidential election, says Brown Brothers Harriman after last week's boost in the polls for Rousseff sent the Bovespa lower by 6%.
    • Fluctuations in the polls at the moment aren't a big deal because the first round of elections won't produce a winner. Instead, the election will be decided in the 2nd round (October 26). "We prefer to fade the first round volatility and position for the second round dynamics."
    • Bouncing a little from last week, the Bovespa is higher by 0.6% this morning. EWZ +0.25%.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | Comment!
  • Sep. 11, 2014, 3:36 PM
    • We have been adding to our Brazilian exposure and in particular have been buying Brazilian state-owned enterprises where the outlook is improving and they are priced at deep discounts to their intrinsic value,” says Santander Asset Management's Dipak Chouhan.
    • The Santander Acciones Latinoamerica Fund  - the best performing mutual fund covering that region with a 29% gain YTD vs. the MSCI LatAm Index up 9.4% - has added Petrobas (PBR +1.7%), and increased stakes in Itau Unibanco (ITUB +0.1%), and Estacio Participacoes (OTCPK:ECPCY +0.2%).
    • Brazil ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    • The fund is also liking Mexico, seeing opportunity and stronger growth amid the opening of the energy market. It's boosted holdings of Alsea (OTC:ALSSF) and Cemex (CX -0.1%), while cutting its stake in Wal-Mart Mexico (OTCQX:WMMVY -0.5%).
    • Mexico ETFs: EWW, UMX, SMK, DBMX
    | Comment!
  • Sep. 9, 2014, 10:37 AM
    • The outlook for Brazil's Baa2 government bond rating is cut to Negative from Stable at Moody's, which notes sustained low growth and worsening debt metrics as suggesting the need for a credit downgrade.
    • Alongside those two factors, says Moody's, is "a marked deterioration in investor sentiment which has negatively impacted fixed capital formation."
    • The Bovespa is lower by 0.25% in early action.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ, BZF
    | Comment!
  • Sep. 2, 2014, 9:47 AM
    • The HSBC Brazil PMI improved to 50.2 in August from 49.1 in July, "consistent with a fractional improvement in business conditions."
    • HSBC's chief Brazil economist Andre Loes suggests the August gain may have been a rebound following the economic disruption caused by the World Cup. It's the first reading in expansion territory since March.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | Comment!
  • Aug. 20, 2014, 3:19 PM
    • For the second time in three weeks, the Central Bank of Brazil injects billions into the banking system as the government grasps for ways to boost the slumping economy ahead of October elections.
    • "It is hoped that the measures will improve small businesses’ access to credit and strengthen foreign trade,” says the bank.
    • Analysts doubt the moves will do a whole lot as the issue, they say, isn't liquidity in the system - there's plenty of that - but that banks are unwilling to lend and borrowers are reluctant to borrow. "No one knows who is going to be president so if you are a businessman why not just wait until November," says Nomura economist Tony Volpon.
    • The Bovespa is ahead 0.5% today.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | Comment!
  • Aug. 13, 2014, 11:59 AM
    • A private jet carrying Eduardo Campos has crashed, with local TV reporting the presidential candidate was killed.
    • Up earlier in the session, the Bovespa is now lower by 1.3%.
    • Campos was running third in the polls with less than 10%, but his exit from the race is likely to boost current President Rousseff's chances of re-election. Brazilian stocks have been among the strongest globally this year amid optimism Rousseff would fall to her more business-friendly challenger Aecio Neves.
    • EWZ -1.1%. VALE -1.8%, PBR -1.7%
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | 12 Comments
  • Aug. 12, 2014, 2:29 AM
    • The EU is planning to hold talks with Latin American countries to dissuade them of becoming the replacement for Europe’s banned agricultural exports to Russia.
    • EU officials have stated goals of "seeking...a united international front on Ukraine" and to talk to countries that would potentially replace EU exports "to indicate that we would expect them not to profit unfairly from the current situation."
    • Russia has already been courting Latin America for alternative supplies. Brazil has authorized about 90 new meat plants to immediately start exporting chicken, beef and pork to Russia, while Chile is expected to be the replacement for Russia’s embargo on European fish.
    • ETFs: EWZ, RSX, ECH, RUSL, RSXJ, ERUS, RUSS, EU, RBL, BRAQ, BRZU, GUR, BZQ, ESR, UBR, BRZS, DBBR, RUDR, FBZ
    | 7 Comments
  • Jul. 8, 2014, 3:03 AM
    • A Samsung Electronics (SSNLF) factory in Brazil was robbed yesterday, after 20 thieves stole $6.4M of cellphones, tablets and other products. The company is hoping that insurance will minimize the cost incurred from the stolen inventory.
    • The heist is also a setback for Brazil, which has been trying for years to draw more electronics makers to do business in the country. Besides for the high employment costs and taxes in Brazil, added security concerns can now have some manufacturers thinking twice.
    • ETFs: BRXX, BRAQ
    | 2 Comments
  • Jun. 30, 2014, 10:46 AM
    • The central bank's weekly survey of 100 economists finds them cutting their GDP growth estimate this year to 1.1% from 1.16%, and the 2015 outlook to 1.5% from 1.6%. It's the fifth straight reduction in 2014 prospects and the sixth straight for 2015.
    • At the same time, inflation forecasts remain locked in at 6.46% this year and 6.1% in 2015.
    • The benchmark Selic interest rate is still expected to be 11% at the end of this year and 12% at the end of 2015 (it's 11% currently).
    • One of the globe's hot performers from February through mid-June (as markets anticipated the end of central bank rate hikes), the Bovespa has taken a little bit of a breather since the World Cup got underway. EWZ -0.6% in morning action.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | Comment!
  • Jun. 6, 2014, 10:53 AM
    • The Bovespa has its tail in the air to the tune of 2.6% after another dip in support for President Dilma Rousseff to 34% from 37%.
    • Opposition candidates, however, also saw their support drop, bringing the number of voters without a preferred candidate to its highest pre-election percentage in 25 years. Still, the opposition combined is now polling higher than the president
    • EWZ +3.4%, and the banks: ITUB +4.4%, BSBR +1.9%, BBD +4.5%
    • ETFs: EWZ, BRXX, BRAQ, BRZU, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | 15 Comments
  • Jun. 2, 2014, 9:52 AM
    • May's 48.8 slides from 49.3 in April, and marks the 2nd consecutive month in contraction territory for the Manufacturing PMI.
    • Investment goods was the worst-performing category, and the drop in production was the largest decline in more than two-and-a-half years . "Anecdotal evidence highlighted an increasingly difficult economic climate."
    • The Bovespa is up 1% in early action, with buyers perhaps cheered by more news arguing for easier monetary policy.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | Comment!
  • May 28, 2014, 8:43 AM
    • Buy Brazil, says Goldman, predicting that country's soccer team will win the World Cup and noting the victorious country's stock market historically outperforms global equities by 3.5% in the first month after the win.
    • "Enjoy the gains while they last," though, says Goldman's Peter Oppenheimer, noting the outperformance quickly fades.
    • The Bovespa has fallen 7% Y/Y, though it's been one of the stronger equity markets globally over the past two-three months. The matches begin on June 12.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | 4 Comments
Visit Seeking Alpha's
BRAQ vs. ETF Alternatives
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
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub