Additionally, the mining giant, Vale S.A. (NYSE: VALE), has declined almost 18% so far this year due to problems at home and the emerging market slowdown, namely in China. Vale is 8.8% of EWZ.
EWZ tracks large- and mid-cap Brazilian stocks, and the fund’s top ten holdings make up a significant 48.6% of the overall portfolio. The ETF’s largest sector weight is in financials at 27.5%.
BRF follows small-cap Brazilian companies. The consumer discretionary sector is the fund’s largest sector weight at 35.5%.
iShares MSCI Brazil Capped ETF
For more information on Brazil, visit our Brazil category.