EWZS: Turnaround Is Possible But I'd Prefer To Wait
Portfolio Pulse from
EWZS has been underperforming due to the depreciation of the Brazilian Real. However, the US-China trade war could boost Brazil's exports to China, potentially stabilizing the BRL. Expected interest rate hikes in Brazil due to rising government debt may also support the BRL.
December 13, 2024 | 2:30 am
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NEUTRAL IMPACT
EWZS's performance has been negatively impacted by the depreciation of the Brazilian Real. However, the US-China trade war could increase Brazil's exports to China, potentially stabilizing the currency. Additionally, expected interest rate hikes in Brazil due to rising government debt may support the BRL.
EWZS's performance is closely tied to the Brazilian Real. The US-China trade war could benefit Brazil's exports, potentially stabilizing the BRL. Additionally, interest rate hikes in Brazil could further support the currency. However, these factors are speculative, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100