All Eyes On Brazil’s Bolsonaro

Brazil stocks have been rallying since Bolsonaro’s presidential victory in October last year. 

While the global equity markets tanked in the fourth quarter, the Brazil’s Bovespa index gained 11% in the final quarter of 2018.  Brazil’s economy has struggled for growth in recent years.  Brazil also has massive pension issues.  For example, Brazil’s current retirement age is 60 for men and 55 for women which has has put a strain on the system. But global investors think Bolsonaro will make the changes necessary to help and grow the country’s economy again.

The most popular Brazilian ETF, iShares MSCI Brazil, EWZ, rose

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