What does EWZ track?
EWZ, or iShares MSCI Brazil ETF, is an exchange-traded fund that aims to track the investment results of the MSCI Brazil 25/50 Index. This index is designed to measure the performance of large and mid-sized Brazilian companies across various sectors, including financials, energy, materials, and consumer discretionary. By investing in EWZ, investors can gain exposure to the Brazilian equity market and potentially benefit from the performance of the included Brazilian stocks.