As an emerging-market exchange traded fund (ETF), the iShares MSCI Brazil Index (EWZ) has been popular with many investors. Currently, it’s up 51.2% year-to-date. Brazil’s stock market had a record closing yesterday. In addition, Brazil’s currency, the real, gained 0.21% to 1.867 per U.S. dollar, Reuters reports. Analysts expect the long-term trend for the real to remain strong as long as investors are anxious about the U.S. housing sector. The real has appreciated 14.4% this year, reports Guillermo Parra-Bernal for Bloomberg.

Some other ETFs that invest in Brazil and their year-to-date performance include:

  • iShares S&P Latin America 40 Index (ILF) – Brazil makes up 59.3% of ILF and is up 36.4%.
  • Claymore/BNY BRIC (EEB) – Brazil makes up 49.6% of EEB and is up 44.3%.
  • SPDR S&P BRIC 40 (BIK) – Brazil makes up 25.1% of BIK, which is up 20.7% for the last three months since it launched in June.
  • SPDR S&P Emerging Latin America (GML) – Brazil makes up 54.8% of GML. It’s up 6.5% for the last three months since it launched in March.


For full disclosure some of Tom Lydon’s clients own EEB.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.