FYI: After being one of the worst-performing emerging markets over the past several years, Brazil’s equity market is scorching hot this year as highlighted by a 24.2% year-to-date gain for the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ).
While it is easy to be seduced by EWZ’s stellar performance this year, particularly after the largest Brazil exchange traded fund was one of the worst emerging markets offenders in the previous two years, investors should take note of what is really driving the rally in Brazilian stocks and the problems that are still affecting Latin America’s largest economy.
Regards,
Ted
http://www.etftrends.com/2016/03/emerging-markets-be-careful-with-this-brazil-etf-rally/
