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iShares MSCI Brazil Capped ETF (EWZ)

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  • Jun. 27, 2014, 4:12 PM
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  • 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.
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  • Jun. 6, 2014, 4:17 PM
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  • 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
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  • 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
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  • 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
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  • May 2, 2014, 4:18 PM
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  • May 2, 2014, 12:35 PM
    • The country's manufacturing PMI fell into contraction territory in April - 49.3 from 50.6 previously, but what's really got the bulls excited is a sharp decline in both input and output prices.
    • With Brazil's central already indicating it's nearing the end of its rate hike cycle, the news - especially if confirmed by CPI data coming next Friday - could be the final straw pushing the bank to remain on hold at the end of this month.
    • Also giving energy to the bulls is the continued slide in poll numbers for President Dilma Rousseff, who faces an October election. She's down to 37% from 43.7% in February.
    • The Bovespa is ahead another 1.7% today. EWZ +2.4%
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRAZ, BRZU, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
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  • Apr. 24, 2014, 11:28 AM
    • The real rises to its strongest level vs. the dollar since October amid a published report that Brazilian President Dilma Rousseff may replace finance minister Guido Mantega with central bank chief Alexandre Tombini.
    • First up for Rousseff though, will be winning reelection in October.
    • Tombini has led a series of rate hikes over the past year, but recently signaled a pause could soon be coming. Looking ahead to easier monetary policy, Brazil's previously beaten down stock market has been one of the globe's strongest performers over the past couple of months.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRAZ, BRZU, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
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  • Apr. 11, 2014, 4:22 PM
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  • Apr. 7, 2014, 3:27 PM
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  • Apr. 4, 2014, 4:17 PM
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  • Apr. 4, 2014, 12:50 PM
    • With the Nasdaq and Russell 2000 each off 2% and the S&P 500 down 0.6%, what's working today? Emerging markets (EEM +0.7%), particularly Latin America (ILF +2.2%), particularly Brazil, where the weight of a year-long rate hike cycle looks to be coming to a close just as monetary tightening gets underway in the States.
    • Up 2.6% today, the iShares MSCI Brazil Index (EWZ) is ahead more than 20% since the start of February.
    • Brazil's banks: Banco Bradesco (BBD +2.8%), Banco Santander Brasil (BSBR +2.9%), Itau Unibanco (ITUB +2%).
    • Brazil ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRAZ, BZQ, BRZU, BRAF, UBR, BRZS, DBBR, FBZ
    • LatAm ETFs: AND, ILF, LBJ, GML, LATM, EEML, FLN
    | 8 Comments
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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”).
See more details on sponsor's website
Country: Brazil
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