Positive
Seeking Alpha
1 month ago
Global X Brazil Active ETF Q1 2026 Commentary
Brazilian equities posted strong gains in the first quarter of 2026, supported by higher commodity prices, resilient domestic demand, and improving fiscal expectations. The Global X Brazil Active ETF gained 18.07% (NAV return) in the first quarter, taking 12-month returns up to 55.58%. Sector positioning and stock selection within energy and financials drove positive attribution.