Brazil ETF Could Have Even More Room to Grow

The iShares MSCI Brazil Index Fund(EWZ Quote) is trading right around the same level as it was near the beginning of the year.

However, this emerging market fund has an eye-popping long-run track record among ETFs, having appreciated more than 600% over the course of the past five years, and could have even more room to grow.

The fund's top holdings include names such as Petroleo Brasileiro(PBR Quote), Companhia Vale do Rio Doce(RIO Quote), Banco Bradesco(BBD Quote) and Banco Itau Holding Financeria(ITU Quote).

"It gives investors easy and cost-effective access to 70 of the largest companies in Brazil that represent roughly 85% of total Brazilian markets," says Dina Ting, portfolio manager at Barclays Global Investors. ...