Stock Ideas 
Stock Ideas Investors Daily Edge Also Look at Brazil
Stock Ideas Investors Daily Edge Also Look at Brazil 
Market Watch
|
By Jon Lewis In these days of turbulence in U.S. markets, with the S&P 500 (SPX) battling the 1,500 mark, financials crumbling, CEO firings, earnings news mixed, it's nice every once in a while to look at a chart that has done nothing but move higher. It's a country exchange-traded fund (ETF) that you don't hear much about. |
|
| More... |
Most Popular
Login Form
| Also Look at Brazil |
| Thursday, 27 September 2007 | ||||||||
|
The hype surrounding China is well founded... the market has gone berserk. The iShares FTSE/Xinhua 25 ETF (FXI) is up 117% in one year. But Brazil, China's BRIC (Brazil, Russia, India, China) counterpart, hasn't exactly languished over the same period. An investment in iShares Brazil (EWZ) would have doubled investors' money as well. Just yesterday, Brazilian industries from steel to mining to meatpackers hit all-time highs. Brazil's currency, the real, has gained 15.6% this year, second to only the Canadian dollar among the 16 most actively traded currencies tracked by Bloomberg.
China's run is getting a little long in the tooth, and there is some talk of a bubble. Until Brazil steals the spotlight and bubble rumors arise, investors should continue to profit in this South American economy. Brazil ishares –Sean Goldsmith Source : Daily Wealth
|
||||||||
| < Prev | Next > |
|---|
