iShares MSCI Brazil Small-Cap ETF (EWZS)
| Assets | $188.77M |
| Expense Ratio | 0.60% |
| PE Ratio | 10.61 |
| Shares Out | 14.15M |
| Dividend (ttm) | $0.37 |
| Dividend Yield | 2.76% |
| Ex-Dividend Date | Jun 16, 2025 |
| Payout Frequency | Semi-Annual |
| Payout Ratio | 29.35% |
| Volume | 43,430 |
| Open | 13.45 |
| Previous Close | 13.31 |
| Day's Range | 13.36 - 13.51 |
| 52-Week Low | 9.11 |
| 52-Week High | 14.45 |
| Beta | 1.01 |
| Holdings | 80 |
| Inception Date | Sep 29, 2010 |
About EWZS
Fund Home PageThe iShares MSCI Brazil Small-Cap ETF (EWZS) is an exchange-traded fund that is based on the MSCI Brazil Small Cap index, a market-cap-weighted index of Brazilian small-cap firms. EWZS was launched on Sep 29, 2010 and is issued by BlackRock.
Top 10 Holdings
35.19% of assets| Name | Symbol | Weight |
|---|---|---|
| StoneCo Ltd. | STNE | 6.57% |
| Lojas Renner S.A. | LREN3 | 4.64% |
| Inter & Co, Inc. | INTR | 3.62% |
| Sendas Distribuidora S.A. | ASAI3 | 3.43% |
| Hapvida Participações e Investimentos S.A. | HAPV3 | 3.19% |
| Smartfit Escola de Ginástica e Dança S.A. | SMFT3 | 2.92% |
| PagSeguro Digital Ltd. | PAGS | 2.91% |
| Allos S.A. | ALOS3 | 2.77% |
| Multiplan Empreendimentos Imobiliários S.A. | MULT3 | 2.74% |
| Cyrela Brazil Realty S.A. Empreendimentos e Participações | CYRE3 | 2.39% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $0.12893 | Jun 20, 2025 |
| Dec 17, 2024 | $0.24266 | Dec 20, 2024 |
| Jun 11, 2024 | $0.21373 | Jun 17, 2024 |
| Dec 20, 2023 | $0.24509 | Dec 27, 2023 |
| Jun 7, 2023 | $0.16916 | Jun 13, 2023 |
| Dec 13, 2022 | $0.321 | Dec 19, 2022 |
Performance
EWZS had a total return of 17.37% in the past year, including dividends. Since the fund's inception, the average annual return has been -1.32%.
News
EWZS: High Turnover, Low Returns, And Structural Weakness
iShares MSCI Brazil Small-Cap ETF is analyzed for its potential to deliver higher long-term returns than its large-cap counterpart. Focus is placed on the ETF's underlying holdings, emphasizing valuat...
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%.
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 ...
EWZS: Brazilian Small Caps Poised For A Breakout
After years of volatility and underperformance, Brazilian small caps (via EWZS) are staging a strong rebound fueled by shifting global capital flows. Unlike commodity-heavy large caps, many small caps...
EWZS: Brazilian Small Caps Safest Emerging Market Play
Brazilian small-cap stocks have suffered recently and face further risks amid new trade war tensions, but they are very undervalued. Brazil's economic growth is expected to fall below 3% due to higher...
EWZS: Turnaround Is Possible But I'd Prefer To Wait
EWZS's poor performance is attributable to the depreciation of the Brazilian Real. The US-China trade war can boost Brazil's exports to China and help the BRL stabilize. Further interest rate hikes ar...
EWZS: A Unique Small-Cap Way To Play Brazil
Investing in Brazil has been challenging due to US tech stock dominance, but long-term potential exists. Consider investing in small-cap Brazilian stocks like EWZS to capture domestic growth and econo...
EWZS: Ignore The Noise And Focus On Valuation
The Brazilian stock market and real are the worst performers globally in 2024. Despite poor performance, Brazil has controlled inflation, an independent central bank, and investment opportunities. Wit...
EWZS: High Risk, High Reward
EWZS provides exposure to Brazilian small-cap stocks, offering diversification across various segments with differing risk profiles. The current valuation of EWZS suggests it is undervalued, presentin...
Emerging Markets Growth Remains Solid Amid Intensifying Inflationary Pressures
Emerging markets continued to expand at a solid pace midway into the first quarter of 2024, supported by broad-based expansion across both manufacturing and service sectors.
Enter The Dragon: Parsing Lunar New Year Opportunities Among Emerging Markets
China and Hong Kong markets had a humbling 2023 with equities down more than 10%. Beijing has also begun stepping up tourism and travel promotions, granting visa-free entry to 11 countries, with Singa...
EWZS: Mixed Macro Signals Add To Volatility For Brazil Small Caps
The iShares MSCI Brazil Small-Cap ETF offers exposure to a diverse group of Brazilian companies well-positioned for long-term growth. Weakness from China as Brazil's major trading partner is hitting s...
EWZS: Brazil's Long-Term Interest Rates Sound The Alarm (Rating Downgrade)
Brazilian small-cap stocks are impacted by long-term interest rates, and the expectation of slower rate cuts has tempered optimism in the second half of 2023. Rising inflation and fiscal uncertainties...
EWZS: Brazilian Small-Caps Warrant Consideration With Cautionary Exposure
The iShares MSCI Brazil Small-Cap ETF offers exposure to small-capitalization Brazilian equities, buying weighted ADRs to replicate the index results. However, exchange rate variations can affect the ...
Uneven Impact Of High Interest Rates: Brazil Manufacturing Struggles While Service Thrives
The Brazilian economy avoided entering a technical recession in the opening quarter of 2023, with a growth rate of 1.9% largely beating market expectations. PMI data up to May so far point to sustaine...
EWZS: Look For A Buying Opportunity Later In 2023
Emerging Markets, in general, and Brazil, in particular, are trading at extremely low P/E multiples in the context of the last two decades. Brazilian stocks are cheap for many reasons; but this may no...
Brazil's Inflation Falls And There May Be Room For Easing Monetary Policy This Year
Annual inflation in Brazil reached 4.7% in March, the lowest since January 2021, as the impact of external shocks continues to vanish. Brazil's inflationary environment remains under pressure.
EWZS: Reasonable Exposure To Small-Cap Consumer Stocks And Other Themes
This is an intriguing small-cap ETF that is slightly overweight consumer stocks. Brazil's discount to emerging markets is attractive.
Brazil Beckons With Low Valuations And Growth Potential
In the fog of domestic political and fiscal uncertainty, investors may still find Brazil equities poised to benefit from structural growth trends within their industries. We believe the tide is turnin...
Investment Opportunities In Latin America
The MSCI Latin America Index has performed better than the MSCI Emerging Market Index cumulatively over the past 5 and 7 years as well as over longer time periods, buoyed by its natural resource compa...
VanEck Vectors Brazil Small-Cap ETF: Ideal Conditions
EMs could look to make up for a lost decade, and Brazil has the right profile to flourish. Political risks and fiscal profligacy are risks to be monitored.
EWZS: Just Small Enough To Fall Under The Populist Radar
iShares MSCI Brazil Small-Cap ETF tracks an index of Brazilian small-cap stocks. Brazil has had a tumultuous year, both politically and economically.
Brazil ETFs drop after Bolsonaro supporters storm Brazilian Congress
Shares of exchange-traded funds that focus on Brazil were falling Monday morning, after rioters supporting former Brazilian President Jair Bolsonaro stormed the country's Congress over the weekend fol...
Brazil markets to see fresh volatility after Bolsonaro supporters storm capital
Brazilian assets may be hit by fresh volatility on Monday after supporters of former President Jair Bolsonaro stormed key government buildings, echoing the U.S. Jan. 6 insurrection of 2021, analysts s...
Water Scarcity In Latin America: Operational Challenges
Water scarcity in Latin America is likely to intensify supply chain and operational disruptions, regulatory risks, and economic losses for businesses during the next five years. In Brazil, hydropower ...
Peak Inflation May Hint At Peak Rates In Emerging Markets
Central banks across emerging markets have reacted to elevated inflation by significantly tightening monetary policy, in some cases, well ahead of the U.S. Federal Reserve and the European Central Ban...
EWZS: The Prospects For Brazilian Small-Caps After The Election
An ideological shift in a divided country. Brazil is South America's leading economy and a supermarket for the world.
EWZS: Probably Fairly Valued But Face Potential FX And Valuation Risks
EWZS invests in small-cap Brazilian equities. The fund has performed relatively well in 2022, but I think the outperformance will start to become short-lived.
Lula Returns To Helm Of World's 12th Largest Economy: 'Brazil Is Back'
Lula claims third term as president, narrowly defeating incumbent Jair Bolsonaro. Political divides remain deep, but the government appears balanced by a newly elected pro-market Congress.
Brazil's First-Round Election Results Increase Risk Of Gridlock In Congress, Posing Hurdles To Fiscal Consolidation
The first-round outcome is likely to buoy Bolsonaro, whose showing was better than polling had indicated. Lula has not specified how he would reduce Brazil's large current structural fiscal deficit or...
In Brazil, Lula Faces A Difficult Fiscal Outlook
Luiz Inácio Lula da Silva won the first-round against incumbent Jair Bolsonaro's - neither candidate captured more than 50% of the vote, so there will be a runoff on October 30. Bolsonaro has improved...
Brazil Elections: Brace For Volatility But Look For Opportunities
Brazilians remain polarized following this past weekend's inconclusive presidential election. While many analysts expect Lula to maintain the surprisingly narrow lead he garnered for the upcoming runo...
Shifting Global Winds Pose Challenges To Latin America
Economies of Latin America and Caribbean have continued their strong post-pandemic rebound, but the winds are shifting as global financial conditions are tightening and commodity prices are reversing ...
EWZS: Outperformance So Far, But Dangers Lurk
The Brazilian market in general and the small-cap echelon represented by EWZS, in particular, have seen robust gains this year, in sharp contrast to the struggling U.S. bellwether indices. The Brazili...
EWZS As The Most Attractive Investment Bet In LATAM
EWZS, usually showing wider fluctuations and being less politically affected, is currently one of the most promising indexes for investment in the LATAM region.
IShares MSCI Brazil Small-Cap ETF: Good Risk-Reward
IShares MSCI Brazil Small-Cap ETF: Good Risk-Reward
Supply Chains Disruptions In Latin America
The main disruption for Latin American traders comes from increased shipping costs and long delays to products arriving at their destinations. Latin American exporters of fruit, meat, and other perish...
Emerging Risks In Latin America In 2022
Latin America will start 2022 in a very fragile position given the economic fallout from the Coronavirus disease 2019 (COVID-19) pandemic, a deteriorated fiscal position, weak FDI, and the erosion of ...
Central Banks In Latin America's Largest Economies Grapple With Raging Inflation
The Central Bank of Brazil has embarked on a series of shock-and-awe rate hikes in order to not fall further behind. Following its last meeting, Banxico said again that it expected inflation to be tra...
Could The U.S. And China Spoil Latin America's Rebound?
Vaccination campaigns and fiscal support have sparked an economic rebound since the second half of last year, despite an apparent loss of momentum in the third quarter of this year. Even up to this po...
Brazil: Back To The Bad Days?
Brazilian assets have underperformed since the end of the second quarter, with weakness across all asset classes: FX, credit and rates. In credit, Brazil has widened a bit more than comparable stable ...
3 Brazil ETFs for Q4 2021
EWZS, FLBR, and EWZ are the three Brazil ETFs for Q4 2021