iShares MSCI Brazil Small-Cap ETF (EWZS)
| Assets | $167.37M |
| Expense Ratio | 0.60% |
| PE Ratio | 10.58 |
| Shares Out | 14.60M |
| Dividend (ttm) | $0.37 |
| Dividend Yield | 3.07% |
| Ex-Dividend Date | Jun 16, 2025 |
| Payout Frequency | Semi-Annual |
| Payout Ratio | 32.13% |
| Volume | 374,375 |
| Open | 12.12 |
| Previous Close | 12.10 |
| Day's Range | 12.04 - 12.15 |
| 52-Week Low | 9.11 |
| 52-Week High | 13.39 |
| Beta | 1.00 |
| Holdings | 81 |
| 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
37.27% of assets| Name | Symbol | Weight |
|---|---|---|
| Lojas Renner S.A. | LREN3 | 5.85% |
| StoneCo Ltd. | STNE | 5.59% |
| BRL CASH | BRL | 4.89% |
| Sendas Distribuidora S.A. | ASAI3 | 4.10% |
| Hapvida Participações e Investimentos S.A. | HAPV3 | 3.25% |
| Inter & Co, Inc. | INTR | 2.87% |
| PagSeguro Digital Ltd. | PAGS | 2.83% |
| Multiplan Empreendimentos Imobiliários S.A. | MULT3 | 2.69% |
| Smartfit Escola de Ginástica e Dança S.A. | SMFT3 | 2.63% |
| Allos S.A. | ALOS3 | 2.56% |
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 4.97% in the past year, including dividends. Since the fund's inception, the average annual return has been -2.06%.
News
Disruptive Theme of the Week: Emerging Markets Fintech
Financial technology (fintech), broadly speaking, allows the remote delivery of financial services to businesses and individuals through computers or mobile devices. Fintech encompasses everything fro...
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...