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 2 indices which are tracked by ETFs.

Alternatively, you may consider investing in the Latin American stock market.

0.19% p.a. - 0.74% p.a.
annual total expense ratio (TER) of Brazil ETFs
on the Brazilian stock market, which are tracked by ETFs
on the Brazilian stock market
 
The best indices for Brazil ETFs

Performance of Brazilian stocks (MSCI Brazil)

1 month: 4.22%
1 year: -10.68%
3 years: -23.30%
5 years: -5.93%

Indices in comparison

The best indices for ETFs on Brazil

For an investment in the Brazilian stock market, there are 2 indices available which are tracked by 7 ETFs. On the FTSE Brazil 30/18 Capped index there is 1 ETF. On the MSCI Brazil index there are 6 ETFs. The total expense ratio (TER) of ETFs on these indices is between 0.19% p.a. and 0.74% p.a..

Index Investment focus Number of ETFs Number of constituents Short description

FTSE Brazil 30/18 Capped

Brazil 1 ETF 102
(29.10.21)
The FTSE Brazil 30/18 Capped index tracks Brazilian companies with large and medium market capitalisation. The largest company in the index is limited to a maximum of 30 percent of the index capitalization, all other index components to a maximum of 18 percent.
Index factsheet

MSCI Brazil

Brazil 6 ETFs 53
(30.11.21)
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 (DE) USD (Acc)DE000A0Q4R85 311 0.33% p.a. Accumulating Germany Full replication
iShares MSCI Brazil UCITS ETF (Dist)IE00B0M63516 173 0.74% p.a. Distributing Ireland Full replication
Lyxor MSCI Brazil UCITS ETF - AccLU1900066207 173 0.65% p.a. Accumulating Luxembourg Unfunded swap
Xtrackers MSCI Brazil UCITS ETF 1CLU0292109344 55 0.65% p.a. Accumulating Luxembourg Full replication
HSBC MSCI Brazil UCITS ETF USDIE00B5W34K94 37 0.50% p.a. Distributing Ireland Full replication
Franklin FTSE Brazil UCITS ETFIE00BHZRQY00 19 0.19% p.a. Accumulating Ireland Full replication
Amundi MSCI Brazil UCITS ETF USD (C)LU1437024992 5 0.55% p.a. Accumulating Luxembourg Unfunded swap
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
MSCI Brazil 0.96% -18.86% -19.54% -5.60% -21.96%
FTSE Brazil 30/18 Capped 0.68% -18.49% -19.10% -5.09% -
Index   2021
in %
2020
in %
2019
in %
2018
in %
2017
in %
MSCI Brazil -15.03% -27.01% 28.95% - -
FTSE Brazil 30/18 Capped -14.63% -26.61% - - -

Source: justETF.com; As of 30.11.21; Calculations in EUR based on the largest ETF of the respective index.

 

The cheapest Brazil ETFs
by total expense ratio (TER)

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Alternative investment opportunities

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 2 Latin American indices tracked by 4 ETFs. The total expense ratio (TER) of ETFs on Latin America is between 0.20% p.a. and 0.74% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
MSCI Emerging Markets Latin America Latin America
Brazil: 62.98%
(31/08/2021)
3 ETFs 100
(30.11.21)
The MSCI Emerging Markets Latin America index tracks the equity markets of emerging markets in Latin America.
Index factsheet
MSCI Emerging Markets Latin America 10/40 Latin America
Brazil: 61.38%
(31/08/2021)
1 ETF 100
(30.11.21)
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 132 0.74% p.a. Distributing Ireland Optimized sampling
Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (C)LU1681045024 120 0.20% p.a. Accumulating Luxembourg Unfunded swap
Lyxor MSCI EM Latin America UCITS ETF - AccLU1900066629 39 0.65% p.a. Accumulating Luxembourg Unfunded swap
HSBC MSCI EM Latin America UCITS ETF USDIE00B4TS3815 19 0.60% p.a. Distributing Ireland Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
MSCI Emerging Markets Latin America 10/40 -0.69% -12.73% -11.64% 1.72% -14.95%
MSCI Emerging Markets Latin America -0.28% -13.04% -11.05% 2.55% -14.07%
Index   2021
in %
2020
in %
2019
in %
2018
in %
2017
in %
MSCI Emerging Markets Latin America 10/40 -8.25% -19.49% 17.25% -2.87% 8.13%
MSCI Emerging Markets Latin America -7.17% -21.48% 18.84% -2.36% 8.26%

Source: justETF.com; As of 30.11.21; Calculations in EUR based on the largest ETF of the respective index.