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iShares MSCI Brazil Capped ETF (EWZ)

  • 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after a gauge of inflation slows and President Rousseff - speaking in South Africa - says anti-inflation policies are outdated.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!
  • Mar. 11, 2013, 3:53 PM
    Brazil is busy scrapping taxes on certain food staples and toiletries after February inflation surprisingly jumped 0.6% despite the government slashing electricity rates. The speedy print raises fears of a rate hike or at least maybe quashes ideas of a rate cut cycle getting started. Earlier: The central bank aims to weaken the real; that's not going to help.
    | Mar. 11, 2013, 3:53 PM | Comment!
  • Mar. 11, 2013, 9:40 AM
    The Brazil ETF (EWZ) weakens 0.8% out of the gate after the central bank moves to weaken the real by setting an auction of up to 30K reverse FX swap contracts. The action may ultimately juice stocks, but the EWZ is not currency hedged. Real ETF: BZF -0.5%.
    | Mar. 11, 2013, 9:40 AM | Comment!
  • Mar. 8, 2013, 5:21 PM
    The week's ETF movers - Gainers: EPI +5.99%. FCG +5.25%. UNG +4.93%. TAN +4.45%. EWZ +4.44%.
    ETF Losers: VXX -11.09%. TLT -3.49%. FXY -2.60%. EWY -1.36%. MUB -1.36%.
    | Mar. 8, 2013, 5:21 PM | 4 Comments
  • Mar. 7, 2013, 1:28 PM
    Along with a big move higher in Petrobas the past couple days have been sizable gains for Itau Unibanco (ITUB) and Vale. These stocks more or less dominate the Bovespa and the EWZ, and both are surging alongside. EWZ up another 2.2% today, -14% Y/Y.
    | Mar. 7, 2013, 1:28 PM | Comment!
  • Feb. 13, 2013, 9:31 AM
    The big banks get a lot of headlines for slashing jobs, but one place they're adding is Mexico thanks to speedy economic growth, a hot stock market, and rising peso. At the same time, some are cutting back in Brazil as the economy and stock market stumble. Previous: ETF investors abandon Brazil (EWZ) for Mexico (EWW). Is a contrarian trade idea forming?
    | Feb. 13, 2013, 9:31 AM | Comment!
  • Feb. 12, 2013, 3:44 PM
    Markets make opinons, they say, and Brazil's (EWZ) poor performance has managers pulling funds and talking about long-term troubles for the next great country. Money is instead chasing performance in Mexico (EWW), Peru (EPU), and Chile (ECH). A 10% move up in the Bovespa and it's our guess the prospects for Brazil among the adviser crowd will have improved.
    | Feb. 12, 2013, 3:44 PM | Comment!
  • Feb. 7, 2013, 4:02 PM
    A look beneath the hood of Schwab's (SCHW) recently unveiled lineup of 105 commission-free ETFs shows an impressive breadth of asset class coverage, including currency, physical metals and equal-weight sector ETFs not previously available for commission-free trading. Notably absent: iShares single country funds, 10 of which are available among the 101 ETFs TD Ameritrade (AMTD) offers commission-free.
    | Feb. 7, 2013, 4:02 PM | Comment!
  • Feb. 1, 2013, 7:44 AM
    Brazil's January PMI rises to 53.2 from 51.1 in December, and consensus 51.0. It's a 23-month high for the gauge and was led by strong rises in New Orders and Production. HSBC: "Despite these strong numbers, the growth outlook for Brazil remains vulnerable to the fallout from uncertainty regarding electricity supply."
    | Feb. 1, 2013, 7:44 AM | Comment!
  • Jan. 31, 2013, 9:17 AM
    Brazilian unemployment dropped to a record-low 4.6% in December from 4.9% previously. Still, the print missed expectations of 4.4% as the economy continues its sluggish growth. With inflation threatening to top the 6.5% target, don't look for the central bank to resume the recently-halted year-long series of rate cuts. After a tough 2012, Brazilian shares (EWZ) continue to lag.
    | Jan. 31, 2013, 9:17 AM | Comment!
  • Jan. 16, 2013, 2:52 PM
    Exposure to Brazil (EWZ), only better, the Latin American 40 ETF (ILF) also has a heavy weighting in Mexican giants like Carlos Slim's America Movil (AMX) and Wal-Mart Mexico (WMMVY.PK). The Mexican additions have allowed ILF a far-superior performance to the Brazil offering.
    | Jan. 16, 2013, 2:52 PM | 1 Comment
  • Jan. 8, 2013, 10:10 AM
    Struggling to meet its budget targets amid disappointing tax revenue, Brazil changes the rules, calling about $20B of spending, "investments," and excluding it from the budget goal.  EWZ - dominated by Petrobas, Vale, and the big banks - fell nearly 5% last year even as the central bank furiously cut rates. Small caps (BRF) fared better, up more than 15%.
    | Jan. 8, 2013, 10:10 AM | 2 Comments
EWZ vs. ETF Alternatives
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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