|Bid||25.23 x 2200|
|Ask||0.00 x 800|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||11.80%|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||0.19%|
Political and economic factors continue to weigh on Brazil as the country continues to forge on after undergoing an overhaul in its leadership. Last year, with the election of the polarizing Jair Bolsonaro, the message Brazilian voters communicated to the world was anti-establishment is in and traditional politics is out. "A big bounce in Brazil’s yearly industrial production growth (up 7.1% in May) masked yet another broad-based sequential decline (18 out of 26 industrial sectors)," wrote Natalia Gurushina, an economist for Emerging Markets Fixed Income at VanEck.
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The election of the polarizing Jair Bolsonaro was the message Brazilian voters communicated to the world that anti-establishment was in and traditional politics was out. Brazilian voters went to the polls last Sunday and the far-right candidate 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%. Bolsonaro is inheriting a bevy of problems he must address during the course of his presidency and the faith of Brazil's populace will hinge upon his success. Of course, Bolsonario's biggest task is to help extract the country from its current economic doldrums, but his election is perceived by market experts as one that leans toward the benefit of the country's capital markets.