iShares MSCI Capped Brazil ETF (NYSE:EWZ) tracks a basket of the largest and most liquid Brazilian stocks through 55 holdings. It's been a difficult last couple of years for Brazil that is just coming out of a deep recession, while the new Bolsonaro Presidential administration has struggled to implement a bold reform agenda that won the election in 2018. Even as the economic recovery remains tepid and below expectations, other more favorable macro trends are fueling a rally in the Brazil asset prices.
The local stock market index "iBovespa" just closed at a