“Medium-sized Brazilian enterprises offer access to on-the-ground, established businesses that reflect the Brazilian growth story,” says del Ama. “They are probably best poised to benefit from the country’s solid macro fundamentals. [BRIC ETFs: A More Potent Group Could Spell Success.]
The other Brazil-focused ETF available is Market Vectors Brazil Small-Cap (NYSEArca: BRF).
Brazil’s economy grew 9% in the first quarter, and for the 14th consecutive week, analysts have raised their forecast for yearly economic growth in the country. As a result, the country’s central bank is expected to raise interest rates accordingly. The country’s growth is forecast to slow next year, however, to 4.5%. [ETFs That Could Benefit As BRICs Get Stronger.]
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