|Bid||27.50 x 1100|
|Ask||27.72 x 1400|
|Day's Range||26.30 - 27.62|
|52 Week Range||16.24 - 41.57|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.76|
|Expense Ratio (net)||1.36%|
It was an ambitious call to say the least, particularly after the MSCI Brazil 25/50 Index notched a double-digit loss in August, but data suggest traders are embracing the Direxion Daily MSCI Brazil Bull 3X Shares (NYSE: BRZU). Traders enthusiasm for BRZU comes amid a murky backdrop including the recent Amazon fires and increasing speculation that Latin America's largest economy is on the brink of a recession. Brazil’s economy, No. 8 in the world, refuses to rebound.
Aside from a summer day in the desert, you would be hard-pressed to find something hotter than the Direxion Daily MSCI Brazil Bull 3X ETF (BRZU) , which has been scorching with gains the past month. The fund is up over 18 percent month-to-date (as of July 12) and things could continue heating up based on an economic indicator tracked by the country's central bank. The central bank’s IBC-BR economic activity index, which is a leading indicator of gross domestic product (GDP), was 0.54 percent higher during the month of May. The index rebounded from a 0.47 percent decline compared to the previous month and also represents its strongest reading since June 2018.
Wall Street continued its winning streak to start the second half by making history amid lingering trade war and global growth concerns. We have highlighted five ETFs that have gained in double digits so far this month.
Brazilian stocks are usually more volatile than broader emerging markets benchmarks, and political volatility often plays a role in the gyrations of equities in Latin America's largest economy. What Happened ...
We have highlighted six leveraged ETFs that have piled up exceptional returns in the first month of 2019 given that Wall Street made a sharp turnaround, posting the best month in many decades.
We have highlighted nine ETFs that have piled up exceptional returns to start 2019 and will continue to be investors' darlings provided the sentiments remain the same.
Heading into 2019, there was no shortage of market observers calling for a rebound in emerging markets stocks. After tumbling in 2018, the MSCI Emerging Markets Index is obliging bulls to start 2019 with ...
Newly inaugurated Brazilian President Jair Bolsonaro is often framed as a controversial figure by scores of traditional media outlets. “Far right,” “firebrand” and “Trump of the Tropics” are among the ...
Traders playing the Direxion Daily MSCI Brazil Bull 3X ETF (BRZU) have to like what they're seeing thus far from Brazil's president-elect Jair Bolsonaro's latest move of entrusting Santander executive Roberto Campos to oversee Brazil’s central bank--a move that signals the polarizing Bolsonaro's seriousness when it comes to fixing the languishing economy. Bolsonaro, who has publicly admitted that his knowledge of economic policies is practically nil, is assembling a team of top-shelf economists to bring to life his plans to curb spending, while at the same time, divest the government from state-run companies and simplify the tax system. Campos, the treasury director at Banco Santander Brasil, brings to the table hands-on trading desk experience--the type of risk-reward analysis that could benefit the country's economic policies moving forward--which in turn, could boost BRZU.
The election of Jair Bolsonaro signaled a turn from standard politics into the unknowns of anti-establishment, but to exchange-traded fund (ETF) investors, it doesn't matter how polarizing Brazil's new president is as long as the returns keep flowing from the Direxion Daily MSCI Brazil Bull 3X ETF (BRZU) and Direxion Daily Latin America Bull 3X ETF (NYSEArca: LBJ) . With sectors like technology getting roiled by October’s downpour of volatility, tech-centric ETFs like the Vanguard Information Technology ETF (VGT) and Technology Select Sector SPDR ETF (XLK) were obviously hit hard. Thus far, ETFs like BRZU and LBJ have responded positively during the waning days of October.
Brazil stocks reversed lower despite investor-friendly right-wing candidate Jair Bolsonaro winning the country's presidential election over Workers' Party candidate Fernando Haddad.
Brazilian voters went to the polls on Sunday and far-right candidate Jair Bolsonaro emerged as the victor, racking up 55% of the votes to win the presidency of the largest country in Latin America after beating out leftist Fernando Haddad. Bolsonaro's runoff-election victory came after the first round saw him take the early lead with a better-than-expected 46.7% of the votes, while Fernando Haddad came in second with 28.5%.
Brazilian voters will head to the polls in less than a week to not only choose its new president, but also select the candidate who will hopefully help extract the country of its economic doldrums. In the meantime, the Direxion Daily MSCI Brazil Bull 3X ETF (BRZU) continued its upward trajectory today amid a volatile U.S. stock market, rising 6% as the Dow Jones Industrial Average languished with over a 100-point loss as of 2:45 p.m. ET. The important presidential runoff election is slated to take place on October 28 after the first round of the election saw far-right presidential candidate Jair Bolsonaro take the early lead with a better-than-expected 46.7% of the votes, while Fernando Haddad came in second with 28.5%.
Last week's sell-off in U.S. equities is spilling over into the emerging markets space, leaving investors to wonder when the strategy for value-hunting in EM turns into outright avoidance. One ETF that has been benefitting from EM's unceremonious fall from its rise in 2017 is the Direxion Daily MSCI Emerging Markets Bear 3X ETF (EDZ) . EDZ seeks daily investment results that equal 300% of the inverse of the daily performance of the MSCI Emerging Markets IndexSM. The index is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalizations securities across the 24 emerging market countries.
The surging Direxion Daily MSCI Brazil Bull 3X ETF (BRZU) continued its rise after steep sell-offs in the Dow Jones Industrial Average the last two trading sessions, which left the capital markets in a daze, causing the Dow to lose over 1,300 points. BRZU wasn't immune to the negative market contagion, but today, the leveraged ETF resumed its upward trajectory, gaining almost 6% as the country readies itself for an important presidential runoff election on October 28. The first round of the election saw far-right presidential candidate Jair Bolsonaro take the early lead with a better-than-expected 46.7% of the votes last weekend with Fernando Haddad coming in second with 28.5%. Like U.S. President Donald Trump in 2016, Bolsonaro was billed as the wild card candidate who was a departure from political norms.
Emerging markets have been turned inside out this year after a spectacular run in 2017, but before an investor looks to dive into the deeply-discounted EM space after Wednesday’s 800-point drop in the Dow Jones Industrial Average, he or she must be still selective and exercise due diligence. Simply selecting a country-specific ETF in emerging markets without the proper research could be akin to catching a falling knife and as such, investors must use caution. While it may be enticing to see the red and buy into the dip, instabilities in certain countries’ financial systems could still leave these markets depressed, and as such, investors should shy away from these parts of the world.
Brazil has been attracting investor attention for several years. It is an emerging market economy, and as a BRIC (Brazil, Russia, India and China) country it has been producing stellar results for investors who are willing to take on some additional risks.
The leveraged and inverse leveraged space has grabbed investors' attention at the start of October in order to magnify returns on quick market turns.
The Latin America-focused Direxion Daily Latin America Bull 3X ETF (LBJ) closed Monday’s trading session up 12.65% thanks to the first round of Brazil’s presidential election, which saw far-right presidential candidate Jair Bolsonaro take the early lead. It was a much-needed boost for LBJ, which has been down over 30% year-to-date, but up 14.17% the past three years. LBJ was hinging upon Brazil's looming presidential election and it responded positively along with the surging Direxion Daily MSCI Brazil Bull 3X ETF (BRZU) , which was up 20.4% by the closing bell.
Brazil ETFs brushed off the broader market weakness and surged back above their trend lines after far-right presidential candidate Jair Bolsonaro took the lead in the first round of votes. Among the best performing ETFs of Monday, the iShares MSCI Brazil Capped ETF (EWZ) increased 6.1% and broke above its long-term resistance at the 200-day simple moving average. The Direxion Daily MSCI Brazil Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Brazil 25/50 Index.
Brazil, Latin America's largest economy, holds the first round of national elections on Sunday, Oct. 7 with front runner and far-right politician Jair Bolsonaro currently leading the polls. For example, the Direxion Daily MSCI Brazil Bull 3X ETF (BRZU) entered Friday as the best-performing leveraged bullish exchange traded fund in Direxion's stable on a month-to-date basis. BRZU looks to deliver triple the daily returns of the MSCI Brazil 25/50 Index.