Chart: Brazil’s Bovespa Index

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:

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Bovespa 5 years

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.

Related ETF:

  • iShares MSCI Brazil Index (EWZ)

Disclosure: No Positions

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