Brazil Features Consumer-Sector Growth
Brazil is a large and wealthy country. It is the fifth-largest country in the world by population and the largest in South America by far. Brazil also has the highest gross domestic product (GDP) in South America, whether measured nominally or by purchasing power parity. In effect, the Brazilian consumer is poised to buy. One exchange-traded fund (ETF) that focuses on this enormous market is Global X Brazil Consumer ETF (BRAQ).
This non-diversified fund seeks to replicate, before fees and expenses, the performance of an index designed to measure the rise of consumer-sector equities wedded to Brazil. The index invests in 20-40 companies either located in Brazil or whose primary revenue comes through the Brazilian consumer sector.
Even after the correction triggered by talk of an Argentinean default at the end of last week, BRAQ is up 7.61% for the year. Its yield is 1.16%.
Read more about this Brazilian consumer-sector stock selection at Eagle Daily Investor.