Ishares Msci Brazil Index Fund (EWZ)

Brazil is moving from an emerging market to a developed economy. This ETF is more of a pure play on Brazil and he is very bullish on Brazil.

Story of Brazil is an excellent one. Has to do with the global growth story. Recently had an upgrade to investment grade by 2 investment services. Domestic growth looks reasonably good. There is also an industrial/materials play that comes out of here.

Had a very strong currency and equity market last year. They are benefiting from the boom in resources. There is a reduction in inflation. If you buy Brazil, you are betting on commodities.