Brazil, and the exchange traded funds (ETFs) that focus on the country, are on fire right now. Along with Brazil, the BRIC countries (Brazil, Russia, India and China) are expected to grow at a rapid pace during the next several decades.

Brazil does boast beaches and rain forests, says Jonas Elmerraji of TheStreet.com, however, it’s the economy that holds a lot of the attraction. Manufacturing ranges from turbine aircraft to orange juice to professional services.  Brazil’s enterprise has helped the financial services sector take off. The Brazilian consumer has stepped up and enjoy a loftier lifestyle. These are some of the ETFs which allow for market exposure in Brazil without all the hassle of regulated market:

• iShares MSCI Brazil Index (EWZ) This ETF is up 45.6% for the year.
• SPDR S&P Emerging Latin America (GML) Brazil makes up 56.7% of GML, which was launched in March.  It is up 21.4% for three-months.
• iShares S&P Latin America 40 Index (ILF) Brazil makes up 57% of ILF and is up 34.5% year-to-date.
• Claymore/BNY BRIC (EEB) Brazil makes up 47% of EEB and it is up 29.9% this year.
• SPDR S&P BRIC 40 (BIK) This ETF was recently launched and Brazil makes up 26.7%.

Tags: Brazil, Emerging Markets, EWZ, Latin America, Sector ETFs