iShares MSCI Brazil Small-Cap ETF
iShares MSCI Brazil Small- ETF (NASDAQ: EWZS) is an exchange-traded fund listed on NASDAQ, trading at $10.87 (about ₹1,025 a unit) as of 13 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.59% and holds 66 securities. Indian residents can buy EWZS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$10.82
Today's high
$10.99
52 week low
$10.15
52 week high
$17.15
EWZS opened at $10.82, closed previously at $10.79, and has traded between $10.15 and $17.15 over the past 52 weeks.
About
EWZS is essentially a bet on the sectors that dominate the Brazillian small-cap market. That being said, it still invests in a variety of different sectors, giving it a broader classification. The index is rebalanced quarterly and uses market capitalization to select and weigh its constituents. The fund uses a representative sampling strategy, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. Overall, EWZS is a viable choice for investors who want neutral exposure to the Brazilian small-cap market.
Key statistics
Expense ratio
0.59%
Assets (AUM)
$295.1M
Holdings
66
NAV
$10.83
Avg. volume
1.34M
1-year price change
-21.52%
5-year price change
-28.30%
Price change excludes dividends.
Top 10 holdings
EWZS holds 66 securities in total. These 10 are 39.8% of the fund.
Where the money is invested
Sectors
Countries
How to buy EWZS from India
Indian residents can buy EWZS units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in EWZS from India
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search EWZS and buy
Find the fund by its ticker, EWZS, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your EWZS position in USD and INR. EWZS reinvests its income instead of paying it out, so your filing is the capital-gains statement plus the Schedule FA holding line.
Trading and taxes when buying EWZS from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- ReinvestedDividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
What is the EWZS price today?
iShares MSCI Brazil Small- ETF (EWZS) last traded at $10.87 on NASDAQ, as of 13 Nov 2026, 4:00 PM ET. That is ₹1,025 a unit at the 13 Nov 2026 USD/INR rate.
When does EWZS trade, in Indian time?
NASDAQ trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is EWZS, and what does it cost to hold?
iShares MSCI Brazil Small- ETF manages about $295.1M. Its expense ratio is 0.59% a year, deducted inside the fund. It launched in 2010.
What are EWZS's largest holdings?
The top three are TOTVS (6.1%), COMPANHIA DE SANEAMENTO DE MINAS G (4.9%) and SENDAS DISTRIBUIDORA (4.6%). EWZS's 10 largest positions make up 39.8% of the fund.
Does EWZS pay dividends?
No. EWZS is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on EWZS taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of EWZS?
Yes. You can buy EWZS by amount rather than by whole unit, and there is no minimum trade size.
How has EWZS performed?
EWZS' price is down 21.5% over the past year and down 28.3% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.