Focusing on Brazil
Emerging markets have been out of favor since the general market began its decline last summer. The Vanguard MSCI Emerging Market ETF (VWO) and the iShares MSCI Emerging Market EFT (EEM) have been rallying along with the market lately, but are still underperforming the benchmark index.
The same could be said for the iShares MSCI Brazil ETF (EWZO). I checked my scan for Brazil-based companies recently, as oil-and-gas refiner Ultrapar (UGP) flashed price strength that outpaced the wider market....486 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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