Some analysts and market observers believe the election could bring undesired uncertainty regarding Brazil’s fiscal and structural reforms. Some market observers believe Brazil, while one of the most volatile emerging economies, is one of the most compelling opportunities in Latin America.

“Final opinion polls ahead of Sunday’s vote are likely to reflect the most polarized election in a generation, forcing a run-off between Bolsonaro and leftist Workers Party candidate Fernando Haddad,” according to Reuters.

Traders pulled $5 million from BRZU in the third quarter.

For more information on the Brazilian markets, visit our Brazil category.