There are
several other ways to play Brazil, with most of these funds considerably smaller than EWZ. Names to look at include BRXX (EGShares Brazil Infrastructure, Expense Ratio 0.85%), EWZS (iShares MSCI Brazil Small Cap, Expense Ratio 0.60%) and BRAQ (Global X Brazil Consumer, Expense Ratio 0.77%) just to name a few.
There are several leveraged/inverse funds in existence as well in the Brazil space that may attract aggressive short term traders as well as hedgers, and these funds are UBR (ProShares Ultra MSCI Brazil, Expense Ratio 0.95%), BZQ (ProShares UltraShort MSCI Brazil, Expense Ratio 0.95%), BRZU (Direxion Daily Brazil Bull 3X Shares, Expense Ratio 0.95%), and BRZS (Direxion Daily Brazil Bear 3X Shares, Expense Ratio 0.95%). EWZ is not alone in seeing assets vacate the fund year to date likely due to flagging performance in Brazil, as BRF has lost $214 million YTD, and BRXX has lost about $6.4 million during this timeframe.
iShares MSCI Brazil Capped ETF
