Seeking Alpha
 

iShares MSCI Brazil Capped ETF (EWZ)

- NYSEARCA
  • Jul. 24, 2014, 1:26 PM
    • It's been a nice run for emerging markets since mid-March with iShares' EEM ahead 18.7%, about 1000 basis points better than the S&P 500. Vanguard's (NYSEARCA:VWO) did even better, returning 20.9%.
    • Looking at individual markets, WisdomTree's India Earnings Fund (NYSEARCA:EPIrose 30.1%, iShares' Turkey ETF (NYSEARCA:TUR44.2%, and iShares' Brazil Capped ETF (NYSEARCA:EWZ33.2%.
    • The trouble, according to UBS, is these markets have been rallying as analysts at the bank have been cutting earnings forecasts, now seeing 12.5% earnings growth, down from 15.3% estimated in April. Consensus forecasts during the same time frame have fallen to 9.6% from 14.7%. "We believe EM equities need a rebound in earnings momentum in time to justify a further strong upside breakout."
    • On the good side, the team is increasingly assured that corporate margins bottomed in 2012; they rose 10-40 bps last year and should pop another 30-40 bps this year.
    • ETFs: EEM, VWO, EDC, EDZ, SCHE, IEMG, EEV, ADRE, EUM, EET, GMM, EEME, DBEM, EMCR, FEM, EWEM, EMLB, EMSA, EMDR, EMFT
    | Comment!
  • Jul. 18, 2014, 4:19 PM
    | Comment!
  • Jul. 18, 2014, 8:49 AM
    • Petrobras (NYSE:PBR+4.8% premarket as the first poll released after the humiliation of Brazil's World Cup team shows Pres. Rousseff continuing to lose ground with potential voters and raising the odds that she will face a runoff in October's presidential election.
    • A new survey published by a Sao Paulo newspaper shows Rousseff reducing her advantage over main contender Aecio Neves, and nearly in a dead heat in a potential runoff scenario.
    • Brazil's lackluster economy has voted concerned about losing their jobs, even though the unemployment rate remains close to historic lows.
    • Yesterday, PBR reported that it is in talks to sell its 40% stake in natural gas distributor Gasmig to Companhia Energetica Minas Gerais.
    • ETFs: EWZ, BZF
    | Comment!
  • Jul. 17, 2014, 3:27 AM
    • The IMF praised the formation of the New Development Bank and reserves fund launched by BRICS countries (Brazil, Russia, India, China and South Africa) yesterday, and announced that it would like to work together with the monumental project.
    • So far the new fund has pooled together $100B in reserves from the five countries with the intention of reshaping the Western-dominated international financial system.
    • ETFs: EWZ, RSX, EPI, INDY, RUSL, PIN, EZA, INP, INDL, RSXJ, ERUS, RUSS, DSUM, CHIX, INXX, INDA, RBL, BRZU, BZQ, UBR, BRZS, DBBR, CHLC, FBZ, RUDR
    | 1 Comment
  • Jul. 16, 2014, 3:58 AM
    • The long-awaited New Development Bank has been launched after BRICS (Brazil, Russia, India, China and South Africa) leaders put their finishing touches on the $100B bank and currency reserve pool aimed at reshaping the Western-dominated international financial system centered around the IMF and World Bank.
    • The launch marks the first big accomplishment by BRICS countries, which account for almost half the world's population.
    • The bank is scheduled to start lending in 2016. Membership is open to other countries but the capital share of the BRICS cannot fall under 55%.
    • ETFs: EWZ, RSX, EPI, INDY, RUSL, PIN, EZA, INP, INDL, RSXJ, ERUS, RUSS, DSUM, CHIX, INXX, INDA, RBL, BRZU, BZQ, UBR, BRZS, DBBR, CHLC, FBZ, RUDR
    | 4 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. 27, 2014, 4:12 PM
    | Comment!
  • Jun. 25, 2014, 10:25 AM
    • iShares MSCI Brazil Capped ETF (EWZ) announces semi-annual distribution of $0.9626.
    • 30-Day SEC yield of 3.28% (as on 05/31/2014).
    • Payable July 2; for shareholders of record June 27; ex-Div. June 25.
    | Comment!
  • Jun. 6, 2014, 4:17 PM
    | 2 Comments
  • 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
  • May. 23, 2014, 4:15 PM
    | Comment!
  • May. 12, 2014, 2:32 PM
    • Brazil's on the move higher again, up 1.6% on the session, helped by release of a central bank survey showing economists cutting their inflation forecast 11 basis points to 6.39% while hiking their GDP growth estimates six bps to an average 1.69%. The central bank has hiked rates for nine straight meetings, bringing the benchmark Selic rate to 11%, and the hope is May will see a pause in the cycle.
    • Also at work in the rally are hopes President Rousseff may not gain reelection in the fall, but JPMorgan isn't so sure. "We believe May will show stability in the polls ... the President will have her own TV appearances, which together with the announcements on higher social spending on Labor Day, should stabilize her ratings, while the opposition will have limited room to make the news cycle."
    • EWZ is up about 25% since mid-March.
    • Morgan Stanley continues to fight the tape, remaining underweight the country amid what it expects will be slowing growth, continued upward pressure on rates, and more weakness in the real. The team notes it's not seeing the quick narrowing in the current account deficit associated with big rallies in Indonesia and India.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | 1 Comment
  • May. 5, 2014, 12:26 PM
    • Leading off the 2014 Ira Sohn conference, Fortress Investment Group's (FIG -0.8%) Mike Novogratz says it's a pretty challenging macro environment without many great themes. One he does like though, is Brazil, where - after four tough years - business confidence is low, consumers are levered up, the government is fiscally stretched, and inflation is high ... "It's so bad, it's good."
    • One caveat would be the fall re-election of Dilma Rousseff, he says, and the country is in for a "long, long dark period" if she pulls it off (her numbers though, seem to be sliding on a near-daily basis).
    • Perhaps anticipating a Rousseff defeat, not to mention the end of a long rate-hike cycle, the Bovespa has been maybe the strongest reasonably-sized market on the planet of late, up almost 20% since mid-March.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRAZ, BRZU, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    | Comment!
  • May. 2, 2014, 4:18 PM
    | Comment!
Visit Seeking Alpha's
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
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub