Thanks for the article. I read it and used it to find secondarily this article (below) that gives information on PBR. Apparently EWZ is composed of up to a 20% investment in PBR so I think that knowing a little about PBR is important to all EWZ investors. Keep in mind that the article I link to below is an old one.. 8/01/2010, however the author felt like that PBR would take 1 to 2 years to bust out of it's then present range. If he is correct then PBR could possibly break through resistance as early as this year. I found the article interesting. Hope it is helpful.