EWZ: Is There Upside Left For The Brazilian Index?

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About: iShares MSCI Brazil Capped ETF (EWZ), Includes: BRZU
by: James Cherry
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James Cherry
Long/short equity, portfolio strategy, Deep Value, long-term horizon
Summary

The current P/E and P/S ratios reflect that the market is currently slightly overvalued.

For those who are long, EWZ is a hold.

Updated Sector and Industry analysis to come after the end of the earnings season.

So far I have written three articles where I provided the reader with multiples for the IBrX 50 which is strongly and positively correlated with the Brazilian Index, Ibovespa. The ETF EWZ is almost a