How to invest in Brazil using ETFs
How do I invest in Brazilian stocks?
The easiest way to invest in the whole Brazilian stock market is to invest in a broad market index. This can be done at low cost by using ETFs.
On the Brazilian stock market you'll find 1 index which is tracked by ETFs.
Alternatively, you may consider investing in the Latin American stock market.
Performance of Brazilian stocks (MSCI Brazil)
Indices in comparison
The best indices for ETFs on Brazil
For an investment in the Brazilian stock market, there is 1 index available which is tracked by 1 ETF. On the MSCI Brazil index there is 1 ETF. The total expense ratio (TER) of ETFs on these indices is around 0.74% p.a..
| Index | Investment focus | Number of ETFs | Number of constituents | Short description |
|---|---|---|---|---|
MSCI Brazil | Brazil | 1 ETF | 45 (28/11/2025) | The MSCI Brazil index tracks the largest and most liquid Brazilian stocks. Index factsheet |
| ETF ISIN | Fund size in m EUR | TER in % | Use of profits | Fund domicile | Replication method | |
|---|---|---|---|---|---|---|
| iShares MSCI Brazil UCITS ETF (Dist)IE00B0M63516 | 329 | 0.74% p.a. | Distributing | Ireland | Full replication |
| Index | 1 month in % | 3 months in % | 6 months in % | 1 year in % | 3 years in % | |
|---|---|---|---|---|---|---|
| MSCI Brazil | 7.89% | 14.94% | 23.37% | 25.76% | 18.29% |
| Index | 2025 in % | 2024 in % | 2023 in % | 2022 in % | 2021 in % | |
|---|---|---|---|---|---|---|
| MSCI Brazil | 35.71% | -24.14% | 25.39% | 22.23% | -15.85% |
Source: justETF.com; As of 30/11/2025; Calculations in EUR based on the largest ETF of the respective index.
The cheapest Brazil ETFs
by total expense ratio (TER)
| 1 | iShares MSCI Brazil UCITS ETF (Dist) | 0.74% p.a. |
Latin America indices with a large share of Brazil
Besides Brazilian ETFs, there are a number of ETFs on the Latin American stock markets with Brazil exposure. In total, you can invest in 1 Latin American index tracked by 1 ETF. The total expense ratio (TER) of ETFs on Latin America is around 0.20% p.a..
| Index | Investment focus | Number of ETFs | Number of constituents | Short description |
|---|---|---|---|---|
| MSCI Emerging Markets Latin America 10/40 | Latin America Brazil: 58.97% (30/11/2022) | 1 ETF | 85 (28/11/2025) | The MSCI Emerging Markets Latin America 10/40 index tracks the equity markets of emerging markets in Latin America. The imbedded 10/40 rule limits the weight of a single company to 10% of the index. The sum of all companies with weights between 5% and 10% is limited to 40%. Index factsheet |
| ETF ISIN | Fund size in m EUR | TER in % | Use of profits | Fund domicile | Replication method | |
|---|---|---|---|---|---|---|
| iShares MSCI EM Latin America UCITS ETF (Dist)IE00B27YCK28 | 980 | 0.20% p.a. | Distributing | Ireland | Optimized sampling |
| Index | 1 month in % | 3 months in % | 6 months in % | 1 year in % | 3 years in % | |
|---|---|---|---|---|---|---|
| MSCI Emerging Markets Latin America 10/40 | 6.00% | 14.89% | 22.38% | 31.26% | 27.95% |
| Index | 2025 in % | 2024 in % | 2023 in % | 2022 in % | 2021 in % | |
|---|---|---|---|---|---|---|
| MSCI Emerging Markets Latin America 10/40 | 37.76% | -22.38% | 29.12% | 15.48% | -3.47% |
Source: justETF.com; As of 30/11/2025; Calculations in EUR based on the largest ETF of the respective index.
