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Franklin FTSE Brazil ETF

FLBR

Market cap $541M

20.32 USD

-0.37

1.79%

At close Updated Oct 30, 4:00 PM EDT

1 day

-1.79%

5 days

2.06%

1 month

-13.16%

3 months

-10.41%

6 months

-18.13%

Year to date

5.5%

1 year

6.67%

5 years

9.84%

10 years

-17.8%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 29.2%

Neutral 37.5%

Negative 33.3%

A Top Brazilian Fund Manager Says Despite the Selloff the Country Could Still Be ‘Best Positioned for the 21st Century'

“This is a very powerful position—if you use the correct macroeconomic frame.”

A Top Brazilian Fund Manager Says Despite the Selloff the Country Could Still Be ‘Best Positioned for the 21st Century'

After Brazil's Market Rout, Bargain Hunters Step In

The smart money is buying the dip in Brazil after the surprise election of President Luiz Inácio Lula da Silva.

After Brazil's Market Rout, Bargain Hunters Step In

Opinion | Markets Don't Vote for Lula in Brazil

Latin America's political right has been cleaning up at the ballot box for three years, but on Sunday it suffered a setback in Brazil. Leftist President Luiz Inácio “Lula” da Silva of the Workers' Party defeated Senator Flávio Bolsonaro of the conservative Liberal Party 51.8% to 48.2%.

Opinion | Markets Don't Vote for Lula in Brazil

Lula wins Brazil runoff after prediction markets favored Bolsonaro

In a runoff election, Luiz Inácio Lula da Silva defeated Flávio Bolsonaro, the right-wing candidate and son of former president Jair Bolsonaro, by 51.8% to 48.2%, according to the country's Superior Electoral Court. As late as Sunday afternoon, Lula remained a significant underdog on prediction markets.

Lula wins Brazil runoff after prediction markets favored Bolsonaro

Brazilian Markets Crash After Lula's Surprise Election Win Stunned Investors

Brazil's main stock market index dropped to a two-month low after President Luiz Inácio Lula da Silva secured a surprise victory in the presidential election runoff.

Brazilian Markets Crash After Lula's Surprise Election Win Stunned Investors

Brazil markets, currency reel from leftist Luiz Inácio Lula da Silva's election win

Brazil's markets and currency plungedMonday in the aftermath of leftist President Luiz Inácio Lula da Silva's reelection victory, prompting a temporary halt in trading in the South American country.

Brazil markets, currency reel from leftist Luiz Inácio Lula da Silva's election win

Bloomberg Markets and Finance

What Lula's Win Means for Brazil's Markets, Currency

Nur Cristiani, head of Latin America investment strategy at JPMorgan Private Bank, examines the market implications of the Brazilian election after President Luiz Inácio Lula da Silva pulled off a stunning comeback to defeat Flávio Bolsonaro, the right-wing candidate that many investors preferred. She speaks on “Bloomberg Surveillance.

What Lula's Win Means for Brazil's Markets, Currency

FLBR: Brazil Stocks Plunge On A Shocking Lula Win, Equities Are Cheap

I am bullish on the Franklin FTSE Brazil ETF after its post-election plunge, citing exceptionally low valuation and commodity strength. FLBR now trades near long-term support at $20, with a cheap 8.3x earnings multiple and a solid 10.5% EPS growth rate. The FLBR ETF is overweight Financials and Energy, benefiting from higher rates and commodity prices, while tech exposure is minimal.

FLBR: Brazil Stocks Plunge On A Shocking Lula Win, Equities Are Cheap

Brazil ETFs Crash More Than 20% After Lula Win: Can Markets Look Past the Political Shock?

Brazil-focused ETFs face a volatile U.S. session after President Luiz Inácio Lula da Silva defeated Senator Flávio Bolsonaro in Sunday's presidential runoff, challenging investor expectations of a political shift and more orthodox fiscal policies. The iShares MSCI Brazil ETF (NYSE:EWZ) and Franklin FTSE Brazil ETF (NYSE:FLBR) plunged 27.3% AND 21.6% in premarket trading, Monday.

Brazil ETFs Crash More Than 20% After Lula Win: Can Markets Look Past the Political Shock?

An Upset In Brazil Upsets Markets

This was not the result investors had anticipated. Brazil markets have entered panic mode, with the iShares MSCI Brazil ETF (EWZ) plunging more than 27% in premarket trading, after President Luiz Inácio Lula da Silva clung to power in Sunday's runoff election.

An Upset In Brazil Upsets Markets

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