After being a major drag on emerging markets exchange traded funds over the past couple of years, Brazilian stocks are reversing that trend in a big way. The iShares MSCI Brazil Capped ETF (NYSE: EWZ), the largest ETF tracking stocks in Latin America's biggest economy, is up more than 38 percent this year.
If EWZ's resurgence were described in recipe terms, it would be one part rebounding commodities prices and one part intensifying speculation that Brazilian President Dilma Rousseff will be impeached. Recently, a Brazilian congressional committee voted to do just that and there is a good chance the lower house of Brazil's congress approves an impeachment on Sunday.
“The tide within [Brazil's] centrist parties seems to be shifting more in favor of impeachment given the recent ...
/www.benzinga.com/trading-ideas/long-ideas/16/04/7843748/next-week-could-be-huge-for-brazil-etfs alt=Next Week Could Be Huge For Brazil ETFs>Full story available on Benzinga.com
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