About EWZ ETF
Overview:
The iShares by BlackRock Brazil ETF (EWZ) is a segment powerhouse and allows market like exposure to large and mid-sized companies in Brazil and is managed by BlackRock that has a total AUM of $6.28T.
EWZ is an exchange-traded fund incorporated in the USA in July 2000. EWZ delivers outstanding, market like exposure to the Brazillian stock market. It is tilted towards small cap but performs almost like the benchmark.
About the Fund Manager:
Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
Investment Strategy:
The ETF seeks to track the investment results of an index composed of a broad range of companies in Brazil.
Sector:
EWZ has invested in Financials (28%), Basic Materials (21%), Consumer Non-Cyclical (12%), Energy (11%), and Industrials (6%).
Geography:
EWZ has invested in Brazil (89%), Belgium (4%), United States (2%), France (2%) and Spain (2%).
Recommended for:
Growth
According to ETFdb.com, "For investors seeking investment in the nation, EWZ is one of many options and offers the broadest exposure to the country's large cap segment."
Additional Information:
1.
Fund Factsheet
2.
The Numbers Support Brazil ETFs
3.
Top 4 Brazil ETFs
How did we identify this ETF:
A complete pool of 2100+ ETFs is screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R - squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. The fund has massive trading volume and tight spreads, while good tracking means that holding costs are typically in line with the headline fee. The fund carries a huge asset base and long track record too. In short, EWZ is the best choice for investors looking for relatively cheap, neutral exposure to Brazil. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
