Emerging Markets
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EWZ

Underweight

iShares MSCI Brazil ETF

BlackRock · Single Country · Equity · Since 2000-07

$9.3B

AUM

0.59%

Expense Ratio

4.0%

Div. Yield

Performance

+10.4%

YTD

+20.5%

1-Year

+3.4%

3-Year Ann.

Top Country Weights

100.0%

Top Holdings

1
Vale S.A.
13.8%
2
Itau Unibanco
9.4%
3
Petrobras (PN)
8.6%
4
Petrobras (ON)
6.2%
5
Bradesco
5.4%

Benchmark Index

MSCI Brazil 25/50 Index

EM Signal

Underweight

Exceptional yield (~8.4%) masks BRL currency risk and fiscal expansion concerns. Vale/Petrobras commodity concentration creates China demand dependency. Proceed tactically only.

Commodity Linkage

Metals & MiningEnergyAgriculture

Key Facts

Issuer
BlackRock
Category
Single Country
Asset Class
Equity
Currency
USD
Inception
2000-07
Expense Ratio
0.59%
Dividend Yield
4.0%

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