The Brazilian equity market as measured by Bovespa is up 13.0% this year due to elections.However in the past 5 years Brazil has been a laggard with the Bovespa actually down by over 4% as shown below:
Click to enlarge
Source: Yahoo Finance
From 1993 the index has soared by an astonishing 241,389% according to Yahoo data. It remains to be seen if Brazilian stocks can pick up their mojo after the elections.
- iShares MSCI Brazil Index (EWZ)
Disclosure: No Positions