this is an ETF made-up of the 25 largest companies in Brazil. Brazil is the fifth largest country in the world with totally self-suffcient economy that does not have to rely on other countries to survive. Plenty of oil and other natural resources. As the world economy picks-up Brazil will flourish.
Healthy bottom formation. Brazil is still growing, unlike the rest of us. Slowing exports will temper any big move up from here, but they've got a lot more going for them than we do.
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