EWZS: High Turnover, Low Returns, And Structural Weakness

Group 1 - The article discusses the iShares MSCI Brazil ETF (EWZ), which invests in mid- and large-cap companies in Brazil, highlighting concerns about the cyclicality and quality of the underlying businesses [1] - The author, Philipp, is a seasoned value investor with nearly 20 years of experience, focusing on undervalued companies that provide a significant margin of safety and attractive dividend yields [1] - Philipp emphasizes a preference for companies with a solid earnings track record trading at less than 8 times free cash flow, which reflects his investment philosophy [1]