2007-07-10 13:50:48 · 3 answers · asked by halgreg 1 in Business & Finance ➔ Investing
The Sao Paulo Bovespa is steadily marching upward. The ETF EWZ (MSCI Brazil Index) is too, with a tad bit better motion during the past few months. What is set to significantly change it? Businessweek recently had an article about money flowing to Brazil to build more ethanol plants, buying up comparatively cheap and abundant Brazilian sugar. Brazil's aircraft maker Embraer is a very popular aircraft producer for the world's commercial regional airlines. From what I hear, some of NEC's bioplastics development is in Brazil, along with a surprising amount of electronics technology producers. Hmm, I am certain that you could do worse.
2007-07-10 15:06:54 · answer #1 · answered by Rabbit 7 · 1⤊ 0⤋
It's an emerging market with a lot of ethanol. That's about all I know.
2007-07-10 13:57:56 · answer #2 · answered by trancevanbuuren 3 · 0⤊ 0⤋
If anyone knew this they would invest or not invest according to their insider knowledge.
2007-07-10 13:58:31 · answer #3 · answered by csucdartgirl 7 · 0⤊ 0⤋