Brazilian Real

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Brazilian equities and country-specific exchange traded funds are rebounding as some investors jump on cheap valuations that are disconnected with fundamentals and are more a result of political scandals. The iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) gained 7.0% over the past week but is still down 31.0% year-to-date. EWZ is now trading back above […]

With the real currency depreciating, Brazilian farmers are dumping harvests on to the global markets, putting further pressure on the coffee prices and related exchange traded notes. The iPath Dow Jones-UBS Coffee Total Return Sub-Index ETN (NYSEArca: JO) declined 4.6% Monday while the iPath Pure Beta Coffee ETN (NYSEArca: CAFÉ) decreased 2.8%. Year-to-date, JO fell […]

Brazilian stocks and related exchange traded funds were advancing Tuesday, despite the weakness in U.S. and other developed markets, as Brazil pushes forward with reforms to support sustainable economic growth. The iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) rose 0.8% Tuesday. Since the December 16 low, EWZ has increased 11.5%. ETF investors, though, remain skeptical, […]

As the presidential elections heat up in Brazil, the push toward economic reforms could help bolster Brazilian currency and fixed-income related exchange traded funds. A new administration could mean embracing reform and macro-economic adjustments, reports Dimitra DeFotis for Barron’s. “We favour longs in BRL [Brazilian Real], given its balanced risk/reward and short investor positioning,” Morgan Stanley economists […]

After a steep sell-off in the Brazilian real, Brazil’s central bank has taken a more hands-on approach, potentially supporting the country’s currency and equities markets, along with related exchange traded funds. The WisdomTree Brazilian Real ETF (NYSEArca: BZF) fell 1.7% over the past month while the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) declined 4.5%. […]

Four months into 2014, the Brazilian real is the strongest-performing currency across the broader emerging markets (EM).1 With most other major currencies mixed against the U.S. dollar year-to-date, what is driving the nearly 7% return for the real? In our view, a variety of forward-looking factors may have investors bullish on the real, including: • […]

With investors embracing emerging markets again, the Brazilian real currency exchange traded fund is approaching a five-month high as foreign investors jump back into Brazil and capitalize on the higher interest rates. The WisdomTree Brazilian Real Fund (NYSEArca: BZF) was up 2.2% Tuesday. BZF has gained 7.2% year-to-date. The Brazilian real was trading around 2.265 […]

Exchange traded funds tracking Brazil, Latin America’s largest economy, have disappointments for a while now. The iShares MSCI Brazil Capped ETF (NYSArca: EWZ), the largest Brazil ETF by assets, has endured the brunt of investors’ waning enthusiasm for the once beloved emerging market. In 2013, EWZ was the worst of the four major BRIC ETFs […]

The mere mention of Federal Reserve tapering can pressure various emerging markets currencies, but two could be especially vulnerable when the Fed finally does pare its bond-buying efforts. The Indonesian rupiah, already this year’s worst-performing emerging markets currency, and the Brazilian real are J.P. Morgan’s picks among developing world currencies that are vulnerable to Fed […]

In a recent blog post, we noted the marked rise in the trading volumes of foreign exchange markets around the world. While the purpose of this piece was to highlight the rise in prominence of economies outside the United States and Europe, we did not fully address how investors could benefit from exposure to foreign […]

There is a decent chance that most folks would not guess that a currency ETF tracking a risky emerging markets currency pulled in $500 million in assets last week, but that is exactly what the WisdomTree Brazilian Real Fund (NYSEArca: BZF) did. Sudden appetite for BZF could be tied to a small amount of money […]

Brazilian stocks are weakening as investors speculate on the potential winding down of monetary stimulus. Nevertheless, Brazil’s market turn around, an equity hedged exchange traded fund can be a better play. The db X-trackers MSCI Brazil Hedged Equity Fund (NYSEArca: DBBR) has dipped 9.6% year-to-date, doing slightly better than the iShares MSCI Brazil Index Fund […]

Exchange traded funds tracking Brazil, Latin America’s largest economy, were previously darlings of the risk-on commodities and emerging markets trade. With all of those themes out the window, at least for now, Brazil ETFs have been getting hit from all angles. Unfortunately for investors looking for exposure to the “B” in BRIC, the ETF damage […]

Nothing seems to be going right for marquee emerging markets ETFs this year. Whether its diversified funds, country-specific ETFs or bond funds, it is hard to find an ETF with the emerging markets label that has recently shown positive signs. Add emerging markets currency ETFs to that list. “Emerging Market currencies benefit from a wealth […]

Brazil exchange traded funds could find support as the government removed a tax on foreign investment inflows, allowing global investors to move freely in and out of Brazilian markets. Due to a drop in foreign inflows, Brazil has removed the financial transaction tax, or “IOF,” on foreign purchases of government bonds and other fixed-income instruments, […]

The Brazilian economy has disappointed investors for the short term, however, factors are supporting a turnaround in the performance of the country and exchange traded fund. Long term investors will gain exposure to the ongoing growth forecast for the country this year as economic fundamentals fall into place. “Brazil’s Bovespa index lost 1.8 percent to […]

In an attempt to control inflation in its growing economy, Brazil’s central bank has intervened in the currency market, strengthening the Brazilian real and related currency exchange traded fund. WisdomTree Dreyfus Brazilian Real Fund (NYSEArca: BZF) gained 1.4% Wednesday but is in the red for the year on a weak Brazilian currency relative to the […]

BlackRock’s iShares exchange traded fund unit is venturing into the currency game, looking to launch a suite of actively managed currency ETFs that would provide investors with the opportunity to capitalize on select global currency movements. According to a SEC filing, the proposed active ETFs include: iShares Australian Dollar Cash Rate Fund iShares British Pound Cash […]

As countries fall on rough patches or times of prosperity, the highly liquid foreign exchange market will be there to reflect the ebbs and flows in international currencies. Currently, with most of the risk centered around the Eurozone, again, traders may take defensive positions in safe-haven currency exchange traded funds. The debt problems in the […]

Exchange traded funds continue to increase in number and popularity, growing to one of the most commonly traded securities on the stock exchange as both institutional and the average retail investor gain greater access to broad or specialized market exposure. Yet many individuals are unfamiliar with ETFs’ inner workings. In this ongoing series, we hope […]

The currency segment of the exchange traded fund industry has been standing in the shadows of the fixed-income, commodities and equity ETFs. Why has this sector been ignored by investors lately? “Currency funds are a poor long-term investment due to paltry expected returns,” Michael Rawson, analyst at Morningstar said, adding that low cash yields are […]

Exchange traded funds pegged to the U.S. dollar and other currencies are taking their cues from central banks. In particular, dollar ETFs are sensitive to the prospect of further easing from the Federal Reserve. PowerShares DB US Dollar Index Bullish (NYSEArca: UUP) is down slightly year to date. The ETF follows the movement of the […]

Exchange traded funds following the so-called BRIC nations of Brazil, Russia, India and China are off to a great start in 2012 both in terms of performance and asset inflows. Today we want to take a look at one of the currencies of a major BRIC player, Brazil. The iShares MSCI Brazil Index (NYSEArca: EWZ) […]

Exchange traded funds that invest in Brazil traded to the downside Tuesday after a report estimating that industrial production fell 2% in September, more than expected. Brazilian stocks were also lower after a call for a vote in Greece put Europe’s latest financial bailout in doubt. The iShares MSCI Brazil (NYSEArca: EWZ) fell 3.3% at […]

Brazil’s weakening domestic market and a slowing global economy are weighing on Brazil-related exchange traded funds, but Brazil’s central bank is taking action to help alleviate the stress. The iShares MSCI Brazil Index Fund (NYSEArca: EWZ) is down about 20% over the past three months but has rebounded in October. Brazil’s central bank reduced its […]

Brazil and exchange traded funds tracking the country have benefited from capital flowing into the country, but foreign investment also brings dangers, according to a report Tuesday. Investors have been enticed by optimistic growth projections for Brazil, but all that liquidity is fueling concerns that asset prices are being artificially boosted. The iShares MSCI Brazil […]

An unexpected interest rate cut in Brazil may provide momentum for exchange traded funds that invest in the Latin American country, such as iShares MSCI Brazil (NYSEArca: EWZ). Emerging market governments have been cautious as global growth engines have been sputtering and major developed nations are in a slowdown. Brazil was locked into a tightening […]

Currency exchange traded funds have seen rising investor interest in 2011 but inflows have cooled over the past month as investors worried about global debt jitters pile into precious metals ETFs, particularly gold. “The Greek crisis and U.S. debt limit debate seem to have sucked capital away from almost all currencies and into hard assets […]

An exchange traded fund (ETF) that tracks the movement of the Brazilian real against the U.S. dollar has soared this week despite an attempt to cool the currency’s rise. Brazil this week said it would extend a tax on offshore dollar loans. WisdomTree Dreyfus Brazilian Real Fund (NYSEArca: BZF) has rallied to nearly $29 a […]

One of the easiest ways to jump-start economic growth is to make your currency weak. But in a market that’s all about relativity, what happens when everyone starts doing it? For developed economies, a weaker currency allows the currency to easily unload exports and even debt onto the international markets, writes Sara Churchville for Minyanville. […]