3 Stocks That Help Drive Brazilian Equity's Outperformance Over US Equity In 2023
3 Stocks That Help Drive Brazilian Equity's Outperformance Over US Equity In 2023
U.S. equity may have soared to nice heights in 2023. Growth stocks, especially those belonging to the Tech sector, have been leading the way.
2023年，美国股市可能已经飙升至不错的高度。成长股，尤其是那些属于科技板块的股票，一直处于领先地位。
The market benchmark S&P 500 index tracking ETF — the SPDR S&P 500 ETF (NYSE:SPY) — is up 23.22% for the year as we head towards the 2023 close.
在我们临近2023年收盘之际，市场基准标准普尔500指数追踪ETF——SPDR标准普尔500指数ETF（纽约证券交易所代码：SPY）——今年上涨23.22％。
There is, however, another ETF that has returned more to investors this year than the SPY.
但是，今年还有另一只ETF比SPY更能回报投资者。
The blue line above represents the iShares Inc iShares MSCI Brazil ETF (NYSE:EWZ). It returned 32.27% in the year so far; 9% over and above what investors got from putting their money into U.S. equity.
上面的蓝线代表iShares Inc iShares MSCI巴西ETF（纽约证券交易所代码：EWZ）。今年迄今为止，它的回报率为32.27％；比投资者将资金投入美国股票所获得的回报率高出9％。
Let's look at some stocks that helped drive this outperformance.
让我们来看看一些推动这种跑赢大盘的股票。
Petroleo Brasileiro SA Petrobras (NYSE:PBR): This Brazilian integrated oil and gas company's stock is up 59% YTD. With its preferred shares, PBR stock commands over 15% of the EWZ portfolio. Petrobras has a market cap nearing $100 billion. The company is focused on rapid production growth and strong returns.
巴西石油公司 SA Petrobras（纽约证券交易所代码：PBR）：这家巴西综合石油和天然气公司的股票年初至今上涨了59％。凭借其优先股，PBR股票占EWZ投资组合的15％以上。巴西石油公司的市值接近1000亿美元。该公司专注于快速的产量增长和丰厚的回报。
With a unique portfolio, it plans to spend over $100 billion over the next five years, growing production by double digits. Balance sheet issues have been resolved and the business is capable of providing significant returns for shareholders, mostly in the form of dividends.
凭借独特的投资组合，它计划在未来五年内花费超过1000亿美元，将产量增长两位数。资产负债表问题已得到解决，业务能够为股东提供可观的回报，主要是以分红的形式提供回报。
Read: Crypto Exchange OKX Launches In Brazil, Targets Latin America's Largest Market
阅读：加密货币交易所 OKX 在巴西上线，瞄准拉丁美洲最大的市场
Itau Unibanco Holding SA ADR (NYSE:ITUB): One of Brazil's largest private banks, Itau Unibanco commands 7.82% of the EZ portfolio. The stock is up about 53% YTD. With a reported ROE of more than 21%, Itaú Unibanco's financial performance demonstrates exceptional efficiency. The bank keeps its NPL levels steady at 3% and maintains strong asset quality.
Itau Unibanco Holding SA ADR（纽约证券交易所代码：ITUB）：作为巴西最大的私人银行之一，Itau Unibanco持有EZ投资组合7.82％。该股年初至今上涨了约53％。据报道，Itaué Unibanco的投资回报率超过21％，其财务业绩表现出非凡的效率。该银行将其不良贷款水平稳定在3％，并保持强劲的资产质量。
It is anticipated that the departure from Itaú Argentina will not substantially affect 2023 profitability.
预计离开阿根廷伊陶不会对2023年的盈利能力产生实质性影响。
Banco do Brasil SA BB Brasil (OTCPK: BDORY): This state-controlled bank in Brazil commands 2.61% of the EWZ portfolio. The stock is up over 75% YTD. The bank performs well, surpassing domestic counterparts with a 21.3% ROE.
Banco do Brasil SA Brasil（场外交易代码：BDORY）：这家位于巴西的国有银行持有EWZ投资组合的2.61％。该股年初至今上涨了75％以上。该银行表现良好，以21.3％的投资回报率超过国内同行。
The increase in delinquency rates and the quarter's lower net profit growth have raised some mild concerns. The loan portfolio, however, grew significantly year over year.
拖欠率的上升和本季度净利润增长的下降引起了一些温和的担忧。但是，贷款组合同比大幅增长。
Now Read: Growth Stocks Outpace Value By 10% As 2023 Nears End: Will The Trend Continue?
现在阅读： 随着2023年接近尾声，成长型股票超过价值10％：这种趋势会持续吗？
Photo: Shutterstock
照片：Shutterstock