What the iShares MSCI Brazil ETF Tracks and Where It Traded on Aug. 30

The iShares MSCI Brazil ETF, ticker EWZ, is a U.S.-domiciled exchange-traded fund launched on July 10, 2000. It is sponsored by BlackRock and managed by BlackRock Fund Advisors. The fund invests in Brazilian public equities and seeks to track the MSCI Brazil 25/50 Index through representative sampling rather than full replication.

On Aug. 30, 2026, the fund traded at $35.55, down slightly from a previous close of $35.76. The day's range was $34.99 to $35.70, while the 52-week range spans $28.66 to $42.02. The page lists an expense ratio of 0.59% and a price-to-earnings ratio of 8.76 for the fund.

The source also displays a daily buy/sell signal of Strong Buy based on moving averages and other technical indicators. As with many quote pages, the data may be indicative rather than real-time, and Investing.com notes that prices may come from market makers and differ from actual market prices.

Reading EWZ's Fee, Valuation and 52-Week Range

What a 0.59% expense ratio costs an investor

The expense ratio is the annual fee deducted from the fund's assets. At 0.59%, a $10,000 position in EWZ would incur approximately $59 per year in fund costs. This is a direct, recurring drag on returns that applies whether the Brazilian market rises or falls. For a long-term holder, the compounding effect is the relevant number, not the price of the fund.

Where $35.55 sits in the 52-week range

EWZ's 52-week low is $28.66 and its high is $42.02, putting the midpoint at roughly $35.34. The Aug. 30 price of $35.55 is almost exactly at that midpoint. That means the fund has recovered from its low but remains well below the top of the range. It also means the price itself does not, by itself, signal whether the fund is cheap or rich; the current level is consistent with the fund having given back much of its earlier strength.

Why the P/E ratio of 8.76 needs context

The P/E ratio of 8.76 is a valuation metric for the underlying MSCI Brazil 25/50 Index portfolio. A single-country emerging-market fund can carry a low multiple because its index is typically heavy in cyclical sectors such as commodities and financials, and because investors demand compensation for currency, political and regulatory risk. This is not a pure 'cheap' signal: it reflects the composition of Brazilian equity markets as much as it reflects the price of earnings.

The Strong Buy signal is technical, not fundamental

The moving-average-based Strong Buy signal is a trend indicator. It tells an investor that recent price action has been positive relative to moving averages; it does not incorporate changes in Brazilian interest rates, the real-dollar exchange rate, commodity prices or domestic politics. Such signals can reverse quickly in an emerging-market fund that is exposed to these factors.

What EWZ Holders Should Take From the Data

For investors watching EWZ, the page's data supports a few specific checks:

  • At a 0.59% expense ratio, a hypothetical $10,000 holding costs about $59 per year. Compare that fee against any competing Brazil fund before switching; the difference in annual cost is measurable.
  • Use the 52-week range as a positioning aid: $35.55 is near the midpoint of the $28.66 to $42.02 range, so the fund has room to move in either direction and remains below its prior high.
  • Treat the P/E of 8.76 as the valuation of a commodity- and financial-heavy Brazilian index, not as a standalone bargain signal.
  • Treat the Strong Buy moving-average signal as momentum input only; it does not reduce country, currency or political risk.
  • Verify the real-time NAV and market price on the fund's official provider page before executing any trade, because the quote page itself disclaims that its prices may be indicative and delayed.