(EWZ) MSCI Brazil - Overview
ETF Category: Latin America Stock | Exchange: NYSE ARCA (USA) | Market Cap: 10.150m USD | Total Return: 73% in 12m
TER: 0.59%
Avg Turnover: 1.27B USD
Peers RS (IBD): 62.5
Warnings
No concerns identified
Tailwinds
No distinct edge detected
EWZ is an exchange-traded fund that invests primarily in Brazilian equities, specifically large and mid-capitalization companies. Brazils economy is significantly influenced by commodity prices, particularly iron ore and oil, due to its substantial natural resource exports.
The fund aims to track the performance of a free float-adjusted market capitalization-weighted index. This weighting methodology means that companies with larger market values and readily available shares for trading will have a greater impact on the indexs performance.
As a non-diversified fund, EWZ concentrates its investments in a smaller number of securities or a specific sector, potentially leading to higher volatility compared to diversified funds. For more in-depth analysis of EWZs holdings and performance, ValueRay offers comprehensive data.
- Brazilian economic growth fuels corporate earnings
- Commodity price fluctuations impact export revenues
- Political instability creates investor uncertainty
- Interest rate policy affects borrowing costs
- Currency exchange rates influence fund value
Over the past week, the price has changed by +5.71%, over one month by +9.27%, over three months by +22.63% and over the past year by +72.98%.
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