If you missed this opportunity to get into EWZ, it’s not too late. This Brazilian ETF has the potential to run much higher as Brazil is one of the best emerging markets to invest in. Let me explain:
During a recent trip to Brazil, I observed an economy that is flourishing. Brazil is a country that is blessed with a bounty of natural resources. Two hundred million Brazilian people are striving to live a better life and they are well on their way to becoming a developed country like the U.S. or Japan. I foresee Brazil becoming a global superpower within 20 years.
Brazil is an agricultural and commodities powerhouse with large and well-developed mining, manufacturing, and service sectors. The world’s population is exploding and Brazil’s rich farmland has the potential to feed the budding masses. Plus, Brazil has plenty of oil deposits; in fact, they just found another 8 billion barrels in the Tupi offshore oil field. They have plenty of natural resources that they can export to the rest of the world. And, once the world finally pulls out of this economic crisis, you will see commodity demand and prices skyrocket… Brazil will be sitting pretty.