Some investors have grown tired of waiting around for a prolonged run of bullishness for Brazilian stocks and ETFs as EWZ has bled $907.1 million in assets this year.
Much like the Mexican peso, the real is in a wicked slump against against the dollar and resides at multi-year lows against the greenback. The real could face increasing pressure as global investors price in the rising odds of additional credit downgrades for Brazil. [Bad News for Brazil ETFs]
Investors looking to profit from the real’s slump can consider the actively managed WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEArca: USDU). USDU measures the dollar against a basket of foreign currencies, including some emerging markets fare such as the real.
iShares MSCI Brazil Capped ETF
