After falling sharply following Brazil’s presidential election, the iShares MSCI Brazil ETF presents a buying opportunity at a more attractive price, according to Stephanie Link. The ETF surged roughly 13% on October 5 after Flávio Bolsonaro finished first in the initial vote, then tumbled nearly 20% on October 26 when Luiz Inácio Lula da Silva won the runoff, as investors unwound crowded positions. Brazil retains solid fundamentals, with 2.2% growth expected in 2026, average unemployment of 6.7%, a young population and foreign direct investment totaling about $88 billion over twelve months. Agriculture, fintech and renewable energy also offer growth potential, including the renewable sources’ 87% share of electricity generation in 2025.
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