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iShares MSCI Brazil Capped ETF (EWZ)

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  • Jun. 27, 2013, 4:29 PM
    Gundlach: If I was looking for a contrarian play, I'd buy emerging markets (EEM, DEM, VWO) over gold, he says, shaking his head at their massive underperformance compared to the S&P 500. Brazil (EWZ) and China (FXI, CAF) stand out for their weakness, but he'd stick to a basket rather than any individual market.
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  • Jun. 26, 2013, 10:40 AM
    43 out of 45 global markets are oversold, according to BAML's "Breadth Buy" indicator. These extreme signals tend to be followed by a short-term 6-7% bounce, but, cautions chief investment strategist Michael Hartnett, a sustained rally would require a shift in policy behavior. What's more, the 2 markets not in oversold territory are the U.S. (SPY) and Japan (EWJ, DXJ) and they're kind of important. Most oversold: Brazil (EWZ), Turkey (TUR), South Africa (EZA), Mexico (EWW), Materials (XLB), China (FXI, CAF). Least oversold (in addition to the U.S. and Japan): Health Care (XLV, IYH), and Consumer Discretionary (XLY).
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  • Jun. 24, 2013, 4:34 PM
    After weeks of mass protests, Brazilian President Rousseff calls for a referendum and Constituent Assembly to carry out political reform in the country. Off more than 20% this year, the Bovespa is the worst performer among major emerging markets. The carnage in Brazilian ADRs includes BBD, CZZ, FBR, GFA, ITUB, OIBR, PBR, VALE. Brazilian ETFs EWZ and BRF have fared little better.
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  • Jun. 24, 2013, 12:06 PM
    The iShares Emerging Markets (ETF) (EEM -3.3%) continues its severe underperformance this year, about doubling the S&P's loss today as China plummeted 5.3% overnight and Brazil (EWZ -4%) sinks. A big outperformer from the lows of the financial crisis through early 2011, emerging markets have now given up all of those gains over the last 2-plus years.
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  • Jun. 21, 2013, 6:15 AM
    Brazilian President Dilma Rousseff has called an emergency cabinet meeting for today after two weeks of demonstrations yesterday culminated in over 1.25M people marching in more than 100 cities. The protesters are angry about a range of economic issues, including the huge sums spent on the Soccer World Cup next year, the rising cost of living and the poor quality of public services. Over the past five day, the real (BZF) has dropped 5.2% vs the dollar while the Bovespa is -4.6%.
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  • 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).
    | 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.
     
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  • 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.
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  • 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%.
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  • 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.
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  • 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.
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  • 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%.
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  • 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.
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  • 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.
    | 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.
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  • 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.
    | 1 Comment
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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”).
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Country: Brazil
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