iShares MSCI Brazil ETF (EWZ)
| Assets | $5.89B |
| Expense Ratio | 0.59% |
| PE Ratio | 9.00 |
| Shares Out | 193.25M |
| Dividend (ttm) | $1.61 |
| Dividend Yield | 5.15% |
| Ex-Dividend Date | Jun 16, 2025 |
| Payout Frequency | Semi-Annual |
| Payout Ratio | 47.48% |
| Volume | 26,059,660 |
| Open | 31.21 |
| Previous Close | 30.92 |
| Day's Range | 31.07 - 31.39 |
| 52-Week Low | 22.26 |
| 52-Week High | 31.46 |
| Beta | 0.90 |
| Holdings | 50 |
| Inception Date | Jul 10, 2000 |
About EWZ
Fund Home PageThe iShares MSCI Brazil ETF (EWZ) is an exchange-traded fund that is based on the MSCI Brazil 25-50 index, a market-cap-weighted index of Brazilian firms covering the entire market-cap spectrum. EWZ was launched on Jul 10, 2000 and is issued by BlackRock.
Top 10 Holdings
57.50% of assets| Name | Symbol | Weight |
|---|---|---|
| Nu Holdings Ltd. | NU | 12.35% |
| Vale S.A. | VALE3 | 9.50% |
| Itaú Unibanco Holding S.A. | ITUB4 | 8.70% |
| Petróleo Brasileiro S.A. - Petrobras | PETR4 | 5.72% |
| Petróleo Brasileiro S.A. - Petrobras | PETR3 | 5.05% |
| Banco Bradesco S.A. | BBDC4 | 3.90% |
| WEG S.A. | WEGE3 | 3.24% |
| Centrais Elétricas Brasileiras S.A. - Eletrobrás | ELET3 | 3.06% |
| B3 S.A. - Brasil, Bolsa, Balcão | B3SA3 | 3.05% |
| Companhia de Saneamento Básico do Estado de São Paulo - SABESP | SBSP3 | 2.92% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $0.51519 | Jun 20, 2025 |
| Dec 17, 2024 | $1.09197 | Dec 20, 2024 |
| Jun 11, 2024 | $0.91436 | Jun 17, 2024 |
| Dec 20, 2023 | $1.22097 | Dec 27, 2023 |
| Jun 7, 2023 | $0.75622 | Jun 13, 2023 |
| Dec 13, 2022 | $2.02172 | Dec 19, 2022 |
Performance
EWZ had a total return of 16.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.86%.
News
5 Best Stocks For Mild Stagflation
Inflation is expected to remain sticky and GDP expected to range between 1.7 to 2.1% in 2026. The U.S. may avoid stagflation, but mild forms are present and may linger. While investors won't likely ne...
These Single-Country ETFs Can Hedge Your U.S. Risk
Single-country funds can reduce overall portfolio risk by acting differently than the S&P 500, offering diversification beyond broad international indexes.
Tariffs Be Damned. These Latin America Funds Are Buys.
Part of the rally in Latin America stock funds is currency-related. But another driver is that the stocks are exceptionally cheap.
EWZ: Poised For Gains From BRL Strength
iShares MSCI Brazil ETF remains an attractive play for 2025, driven by BRL appreciation against the USD and appealing valuations. High-interest rates in Brazil and lower interest rates in the U.S. att...
EWZ: Brazil Stocks Breakout, Bullish Trends Into Year-End
The iShares MSCI Brazil-Capped ETF is rated a "Buy," supported by strong recent momentum and compelling valuation metrics. EWZ offers exposure to large- and mid-cap Brazilian equities, with a focus on...
Brazilian equities rebound, but XP Asset urges caution amid weakening signals
Brazilian stocks saw a strong recovery in August, going up 6% on the month according to the benchmark Ibovespa index. XP Asset's equity funds outperformed further, with returns between 8 and 9%.
Brazil's Markets and Politics Are Intertwined. Trump Is Key.
Brazil's former president, Jair Bolsonaro, goes on trial in his country, and U.S. President Donald Trump attempt to stop the trial with tariffs backfired. The markets are watching for new developments...
Brazil unveils aid package for exporters hit by US tariffs
Brazil's government unveiled on Wednesday a long-awaited aid package for companies hurt by steep U.S. tariffs, centered on credit lines for exporters and government purchases of products that face gre...
Wall Street Breakfast Podcast: CAVA Slides On Sales Miss
CAVA shares plunged 22% after Q2 same-restaurant sales growth of 2.1% missed expectations, despite 20.3% revenue growth and solid new restaurant openings. Brazil announced $5.6 billion in aid to expor...
Brazil As A Special Target Of President Trump's Tariff Hikes
Trump's new executive order sharply raises U.S. tariffs on Brazilian imports, with an effective average tariff now at 32.7%, a unique case globally. The GDP impact for Brazil is likely a 0.4%–0.6% hit...
Trump raises tariffs on India, Canada, Brazil and others over stalled trade deals
The Trump administration implements sweeping tariffs while securing deals with key partners and maintaining temporary truces with Mexico and China.
Trump's 50% Brazil coffee tariff expected to rejig trade, send more beans to China
The Trump administration's steep import tariff on Brazilian coffee looks set to reshuffle trade routes for beans from the world's top grower and exporter, benefiting China and incentivizing traders to...
Brazilian companies react to Trump's tariffs with relief and doubt
Brazilian companies reacted with a mix of relief and doubt after the White House surprised them on Wednesday with a list of nearly 700 exceptions to the 50% tariff U.S. President Donald Trump imposed ...
How Trump is justifying an executive order for 50% tariffs on Brazil
President Donald Trump signed an executive order Wednesday to impose his threatened 50% tariffs on Brazil, setting a legal rationale that Brazil's policies and criminal prosecution of former President...
Trump order excludes aircraft, OJ, energy from Brazil tariffs
The U.S. excluded several of Brazil's major exports from the 50% tariff President Donald Trump signed into an executive order on Wednesday, including orange juice, some aircraft, wood pulp and energy ...
The Big 3: TSM, EWZ, LULU
@Theotrade's Don Kaufman is a bull when it comes to TSMC (TSM). He sees the stock running up to $250 at the end of the week on expectations of a strong report, with ASML Holding (ASML) being the only ...
Brazil pledges retaliatory tariffs on the U.S. if Trump imposes 50% import taxes
Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by ...
50% Tariff On Brazilian Products: This Is What You Should Do With Your Brazilian Assets
I recommend holding assets tracking major Brazilian indices despite new US tariffs, given heightened uncertainty and market volatility. Trump's 50% tariff on all Brazilian products will significantly ...
How a 50% US tariff rate could affect Brazilian exports
U.S. President Donald Trump said he plans to impose 50% tariffs on all products from Brazil starting August 1, which could have a sharp impact on South America's agricultural powerhouse.
Trump to Impose 50% Tariff on Goods From Brazil
President Donald Trump threatened to impose 50% tariffs on Brazilian goods, sharply escalating a dispute with Latin America's largest nation. Vinicius Andrade has more on "Bloomberg The Close.
US coffee, orange juice prices could surge if Trump's Brazil tariffs stick
Around a third of the coffee consumed in the U.S. comes from Brazil.
President Trump hits Brazil with 50% tariffs, bitcoin soars to $112,000
Morning Brief: Market Sunrise anchor Ramzan Karmali breaks down the latest international financial news. President Trump announced that Brazil will be hit with 50% tariffs for imports coming into the ...
Trump Slaps Brazil With 50% Tariff While Criticizing Prosecution Of Former President
This is a developing story and will be updated.
Pres. Trump announces 50% tariff on Brazil starting August 1
CNBC's Megan Cassella joins 'Closing Bell Overtime' with the latest tariff news out of the Oval Office.
Trump announces 50% tariff on Brazil in retaliation for Bolsonaro trial, trade deficit
President Donald Trump said the U.S. will slap a 50% tariff on Brazil's imports.
Final Trade: EWZ, BABA, KWEB, WMT
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
EWZ: Why Brazilian Equities Stand Out In The Global Shift To Emerging Markets
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...
EWZ: This Is Why Brazilian Stocks Are Rising Even With Interest Rates At 15%
Brazil's Central Bank hiked interest rates by 0.25% to 15%, reaching the highest level since 2006. Lula's expansionary fiscal policies clash with contractionary monetary efforts, fueling inflation. Po...
EWZ: 2 Reasons Why I Don't Own This ETF
iShares MSCI Brazil ETF underperforms its top holdings due to index concentration and inclusion of underperforming stocks, making it less attractive long-term. Stock picking in Brazil offers better ri...
Brazil Is Good For A 7% Stable Yield And Some Upside As The USD Depreciates
Brazil's private domestic sector is supported by government deficit spending and private credit but faces a drain from the external sector. The stock market has been stagnant since 2009, but ETFs offe...
EXCLUSIVE: These Emerging Markets Are The Calm In The Tariff Storm
As global markets spiral from fresh tariff hikes, some emerging markets defy the chaos—surviving and thriving.
How Brazilian Equities Are Positioned Amid The U.S. Tariff Shake-Up
Brazil's economy faces challenges with inflation persistently above target and double-digit interest rates, which are impacting the performance of the EWZ amid global trade tensions. The Brazilian eco...
Brazilian Equities: Is The Perception-Driven Rebound Reliable?
Brazil's economic instability in 2024 was driven by fiscal mismanagement, rising debt, and inflation, leading to a 35% drop in the EWZ ETF. Despite initial bearish projections, EWZ rebounded in early ...
EWZ: Fiscal Crisis And Trump - Brazil Under Pressure (Rating Downgrade)
I am downgrading my recommendation on the iShares MSCI Brazil ETF from buy to neutral due to internal and external issues. Brazil faces rising interest rates, inflation outside the target, and fiscal ...
The Big 3: JD, X, EWZ
Alan Knuckman goes global with his Big 3 picks. He turns to example option trades in JD.com (JD), United States Steel Corp. (X) and the iShares MSCI Brazil ETF (EWZ).
EWZ: Wrong, Right, And Real In Emerging Markets
Investors are focused on all-time-highs in U.S. equity markets and ignoring improving valuations in foreign markets. Emerging markets face a range of problems, but may also be undervalued, especially ...
EWZ: Why The 2025 Outlook For Brazil Appears Bearish
The Brazilian economy faces significant challenges in 2024, including high inflation, rising interest rates, and a devalued currency, which has led to a sharp drop in EWZ. Fiscal policies under Presid...
EWZ: 3 Reasons To Take Advantage Of Cheap Brazilian Stocks
Brazilian assets have come under pressure amid growing fiscal concerns and rising US yields, driving the iShares MSCI Brazil ETF further into undervalued territory. The EWZ ETF now yields 8.8%, meanin...
Brazil Has a Great Economy but Awful Markets. Here's Why.
Investors are looking past the healthy present to a recurrence of Brazil's chronic economic disease: excessive government spending that spurs runaway inflation and crowds out growth.
EWZ: A Cautionary Tale Of Fiscal Struggles And Currency Chaos
Brazil faces rising inflation and a record fiscal deficit, causing iShares MSCI Brazil ETF to drop 19% in 2024 while the S&P 500 gained 20%. The Brazilian real has deeply weakened against the U.S. dol...
EWZ: Not Ideal, But Don't Write It Off Either
Brazilian equities have underperformed both global stocks and their EM counterparts quite significantly this year. EWZ is the largest Brazilian-themed ETF around, but the next largest offering - FLBR ...
China Outperforms The Rest Of The World
Shanghai CSI 300 has gone from a 52-week low to a 52-week high in only a couple of weeks. Other than China and Hong Kong, Australia is the only other international market starting the week at a 52-wee...
Market strengths here… and abroad
Market strengths here… and abroad.
Undercovered ETFs You Should Know About: 12 Analysts' Picks From August-September 2024
The 'Undercovered' Dozen ETF edition highlights less covered ETFs, focusing on seven in-depth analyses and five brief mentions, from articles published between August 15th and September 16th. The Inve...
EWZ: Opportunities Outweigh The Monetary Policy Uncertainty
Brazilian equities have gained 15.16% post-Black Monday, driven by the outperformance of financial stocks, positive external news, and mixed internal news. The largest tracking ETF is at its lowest fi...
EWZ: Why It Could Be A Good Time To Invest In Brazil
To invest in the Brazilian stock market, I chose the EWZ ETF because it is more liquid, even though it has fewer holdings and is more expensive than its peers. The economic prospects for Brazil are po...
EWZ: Worth The Risk Despite Lula Intervention
The EWZ tracks the performance of the MSCI Brazil index, which is dominated by commodity stocks and characterised by a high dividend yield and cheap valuations. Sentiment towards Brazilian stocks has ...