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The iShares MSCI Brazil ETF (NYSEARCA:EWZ) is the reflex trade for U.S.
I reiterate a buy rating and strong preference for the Franklin FTSE Brazil ETF over iShares MSCI Brazil ETF. FLBR offers greater diversification, a higher dividend yield (5.77% vs. 3.78%), and a lower expense ratio (0.19% vs. 0.59%). FLBR is more aligned with the Brazilian equities thesis: commodity exposure, hard asset sensitivity, and attractive valuation (8x earnings vs. EWZ's 8.5x).
Brazil's ethanol and sugar producers on Thursday despaired at the imposition of new 25% tariffs on Brazilian goods by the U.S. government, lamenting a rollback in cooperation between the two countries.
Brazil's Agriculture Ministry has adjusted export controls for meat and derivatives to meet European Union antimicrobial usage requirements, aiming to prevent a suspension of shipments to the bloc starting in September.
Brazil expects to raise 50 billion reais ($9.92 billion) in what will be the most ambitious auction yet under its Eco Invest program, focused on developing advanced sustainable technologies in strategic sectors, Rogerio Ceron, executive secretary of the Finance Ministry, told Reuters.
Despite a downward trend for several weeks at the beginning of the year, in spring 2026 the S&P 500 has once again shot upward, achieving fresh new all-time highs in the process. Still, even the most bullish investors may be wondering how long the trend can continue, given the prolonged war in Iran and its impacts on the global oil market—not to mention preexisting factors like inflation, aggressive interest rate hikes, and more.
I am raising my recommendation on the Franklin FTSE Brazil ETF from hold to buy, citing strong forward drivers. Brazil's 2026 outperformance is driven by election optimism and the market's search for AI-resilient, commodity-sensitive economies. FLBR's valuation is undergoing multiple repricings, with potential upside if P/E multiples converge with emerging market peers.
Accordant Advisory Group Inc grew its position in Franklin FTSE Brazil ETF (NYSEARCA:FLBR) by 29.2% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,410 shares of the company's stock after purchasing an additional 64,087 shares