iShares MSCI Brazil CEDEAR (EWZD)

Profile

iShares MSCI Brazil CEDEAR is a depositary receipt representing an exchange-traded fund that seeks to mirror the performance of Brazilian equities through the MSCI Brazil 25/50 methodology. Its primary purpose is to provide local investors with convenient, peso-denominated access to a diversified basket of large- and mid-cap companies listed in Brazil, while reflecting the fund’s underlying U.S.-listed strategy. The vehicle targets roughly the top 85% of Brazil’s free-float-adjusted market capitalization, employing index caps that limit concentration in single issuers and align with regulated investment company constraints. The portfolio spans key sectors shaping Brazil’s economy, including financials, energy, materials, and consumer staples, offering broad exposure to commodity cycles, domestic demand, and policy dynamics. As a CEDEAR, it facilitates participation in cross-border equity exposure through local market infrastructure, with corporate actions and cash distributions translated from the underlying fund. This structure positions iShares MSCI Brazil CEDEAR as a practical tool for investors seeking diversified, rules-based access to Brazil’s equity market within a domestic trading and settlement framework.