ProShares Ultra MSCI Brazil Capped Price & Performance (UBR)

Brazil-focused equity ETFs, including large-cap funds, have shown notable gains in recent days. The iShares MSCI Brazil ETF (EWZ) rose over 8% in the past week, reflecting improving sentiment and a stronger Brazilian real. However, investors should remain aware of the ongoing currency and political risks that can drive volatility.12

ProShares Ultra MSCI Brazil Capped ETF (UBR) posted a 17.45% monthly gain, placing it among the best-performing leveraged equity ETFs for April. The fund’s strong performance is attributed to recent rallies in Brazilian stocks, though leveraged ETFs’ higher risk profile means gains can quickly reverse in volatile markets.34

Major global indices posted mixed results, with the S&P 500 up 0.57% and Brazil’s Bovespa slightly down. Commodity prices also varied: gold slipped 1.3%, while crude oil edged higher by 0.45%. These movements reflect ongoing market uncertainty and the influence of shifting economic data.56