One stock that is loving the idea of Neves presidency is Petrobras (NYSE: PBR). Brazil’s state-run oil giant is up 14.3% on volume that is already double the daily average at this writing. Two Petrobras securities combine for 11.3% of EWZ’s weight. The stock has been the worst-performing major oil stock in the world since Rousseff took power in January 2011. [Petrobras Plagues Brazil ETFs]

Petrobras is also a top-10 holding in the iShares Latin American 40 ETF (NYSEArca: ILF), iShares MSCI BRIC ETF (NYSEArca: BKF) and the Guggenheim BRIC ETF (NYSEArca: EEB), all of which are also among the top-10 ETFs Monday.

Some investors were not shy about betting on either Neves or Silva forcing a runoff Sunday as EWZ hauled in $137.3 million in new assets last week. EWZ, the largest and most heavily traded Brazil ETF added $908.5 million in new assets during the third quarter.

iShares MSCI Brazil Capped ETF

Tom Lydon’s clients own shares of ILF.

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