Ishares Msci Brazil Index Fund (NYSEMKT:EWZ)

CAPS Rating: 4 out of 5

Exchange Traded Funds

Recs

7
Player Avatar sail2brasil (28.92) Submitted: 8/31/2012 11:48:58 AM : Outperform Start Price: $52.27 EWZ Score: -28.63

Interest rates were just lowered yesterday to help revitalize the economy which has slowed somewhat and oil finds guarantee this country will be one of the richest countries in the world looking longer term.It is also a safer play on a China turnaround with some of the major importers of China, like Vale,Embrauer,Braskem,Gerdau and Usiminas looking to gain. They are one of the largest sugar and ethanol producers in the world with Cosan, as well as major exporters of coffee and oranges.They have long range plans to build one of the worlds largest technology business and have the support of the gov't. The World Soccer Cup as well as the Olympics will bring more focus on this economy.The trend to lower interest rates may weaken the $Real and again increase exports.

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