EWZ: In Addition To The Donroe Doctrine, There Are New Catalysts For This ETF

I reiterate a Buy rating on iShares MSCI Brazil ETF (EWZ), citing robust geopolitical and domestic catalysts ahead of Brazil's 2026 election. The Donroe Doctrine's influence and potential opposition victory could drive fiscal reforms, improving Brazil's asset outlook and supporting EWZ upside. EWZ trades at 11x earnings, offering a 36% upside if re-rated to a conservative 15x multiple, with election dynamics as a key trigger.