Thus, portfolio managers that are interested in long exposure to Brazil but want to own different segments of the Brazilian equity market may also consider other alternatives in this category.
BRF (Market Vectors Brazil Small Cap) is the second largest Brazil focused ETF in terms of AUM ($526 million currently behind EWZ’s mammoth $8.6 billion) and along with EWZS (iShares MSCI Brazil Small Cap), offer exposure to small cap names in Brazil.
EWZS has impressively out-performed BRF head to head in 2012 as well, rising 13.69% versus BRF +6.71%. Elsewhere, BRXX (EG Shares INDXX Brazil Infrastructure) offers exposure to names involved in infrastructure based sectors including Utilities, Industrials, and Basic Materials for instance. Other “long” ETF plays in the country’s equity market are BRAQ (Global X Brazil Consumer), BRAZ (Global X Brazil Mid Cap), FBZ (First Trust Brazil AlphaDEX), and BRAF (Global X Brazil Financials), and UBR (ProShares Ultra MSCI Brazil) offers leveraged daily exposure to the MSCI Brazil Index.
iShares MSCI Brazil
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