Global investors are piling into Brazilian stocks:
Brazilian stocks recorded +$2.3 billion in foreign inflows so far in January, the most in a single month since December 2023.
This is more than DOUBLE the prior 7 months combined.
As a result, the Brazilian Ibovespa stock index rallied +9.7% in US Dollar terms last week, the best performance among world major equity markets.
Furthermore, Brazil's ETF, $EWZ, which covers 85% of the nation's stocks, is on track for its biggest monthly inflow since September 2014.
These inflows have led to the creation of new ETF shares, pushing the total outstan