Related: Investors: There’s Still a Case for Brazil ETFs
In addition to the large-cap EWZ, Brazilian small-caps are getting in on the act. The VanEck Vectors Brazil Small-Cap ETF (NYSEArca: BRF) and the iShares MSCI Brazil Small-Cap ETF (NYSEArca: EWZS) have recently been making a series of record highs. BRF and EWZS are up 47% and 43.8% year-to-date, respectively.
Traders who are betting on a quick turnaround could look to the two times leveraged ProShares Ultra MSCI Brazil (NYSEArca: UBR) or the three times leveraged Direxion Daily Brazil Bull 3x Shares (NYSEArca: BRZU).
For more information on the Brazilian markets, visit our Brazil category.