The political tide in Brazil is changing again. How to trade it
CNBC: Investing
JUNE 12, 2025
In 2018, when Lula's corruption conviction was initially upheld, barring him from the presidential race, the Bovespa surged to a record high above 83,000 points. EWZ YTD mountain iShares MSCI Brazil ETF YTD Even after accounting for this outperformance, Brazilian equities appear relatively inexpensive, trading at just 8.5
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