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Posted by
Two Blokes Jul 2 -
Filed in
Stock
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4 views
I'm adopting a bullish stance on EWZ, supported by FX tailwinds, attractive valuations, and a potential stabilization of the Selic rate, despite ongoing fiscal and political risks. The recent rally in Brazilian equities has been driven more by dollar depreciation and foreign inflows than by local economic progress. EWZ offers efficient exposure to Brazil with a high dividend yield, but has high concentration in a few stocks and above-average volatility.
