CXC

EWZ Not a True Indicator of Brazilian Economy

This article is full of oppinions what are NOT supported by reason/facts:
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"The fund also conceals the structural flaws of the Brazilian economy, which is a major issue because EWZ does not hedge its investments back to the U.S. " -- This is a SO outdated US-centric view, contrary to the very idea of *investing in foreign market" !!!
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"EWZ's fate is tied to the Brazilian real and the overall performance of the Brazilian economy. " -- Isn't that EXACTLY what intesting in Brazil suppose to do - tie the investment with the Brasillan economy?
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"But the primary reason why I'm not so optimistic about Brazil is because the Brazilian government has done very little to address the issues that put an end to the previous Brazilian economic miracle: corruption, poorly-educated labor force, archaic institutions, protectionism and trade barriers, and extreme poverty (30% of the population lives below the poverty line). " -- Has the author EVER looked at other BRIC countries? You got be kidding !!!