EWZS: The Asymmetry In Brazilian Small Caps Thesis

I reiterate my buy rating on the iShares MSCI Brazil Small-Cap ETF, citing a compelling cyclical opportunity. EWZS trades at 7.5x earnings, with a historical re-rating to 9x offering a potential 20% upside. Falling Brazilian interest rates provide a significant tailwind for leveraged small caps, improving financial results and economic conditions.