The iShares MSCI Brazil ETF (NYSEARCA:EWZ) continues to show strong bullish tendencies. Despite a gain of over 20% since April, the MSCI Brazil is still trading at a valuation that’s less than half of the MSCI Emerging Market index. The recent dip in the market is seen by many analysts as another opportunity for investors to gain exposure to this undervalued resource play.
EWZ: Bull Market Not Over Yet
ETF Newz Says:
Brazilian President Luiz Inacio Lula da Silva has been actively seeking increased investments from the United States to bolster Brazil’s economy. This initiative is part of a broader vision to drive the energy transition forward in Brazil. The administration has recently launched a comprehensive ecological transition plan, which underscores Brazil’s commitment to sustainable development and economic growth. This plan is a testament to Brazil’s efforts to align its economic strategies with global sustainability goals.