Emerging markets appear to be in the process of rolling over – will Brazil soon follow India and China?
Though Brazilian shares have rallied in the past week, they still sit 6% lower year-to-date. You’ll notice Brazil’s iShares ETF (EWZ) has been smacking its head on the 79 level since autumn – to no avail:
Well, at least valuations are cheap in Brazil…or maybe not! Friend and astute correspondent Dr. Evil wrote in:
Small Cap stocks in Brazil as per BRF ETF Index at 2010
- P/E 27.67
- Price/book 3.92
- Div yields 2.20