EZA - EWZS: Ignore The Noise And Focus On Valuation
2024-06-22 03:44:09 ET
Summary
- The Brazilian stock market and real are the worst performers globally in 2024.
- Despite poor performance, Brazil has controlled inflation, an independent central bank, and investment opportunities.
- With an attractive ROE and a very cheap P/E, the ETF looks like a great opportunity.
Investment Thesis
I recommend buying the iShares MSCI Brazil Small-Cap ETF ( EWZS ). The Brazilian stock market and the real are among the worst performers in the world this year. This does not match Brazil's fundamentals, which are better than many of its peers, as corroborated by Moody's recently....
EWZS: Ignore The Noise And Focus On Valuation