ETF Country: Brazil ETFs, or exchange traded funds, are investment vehicles that track a particular index or asset class. Brazil ETFs are ETFs that invest in stocks of companies domiciled in Brazil. While Brazil is considered a developing market, it is the largest economy in South America and has a population of over 200 million people. Consequently, Brazil ETFs provide investors with exposure to an economy that is often overlooked by traditional ETFs. In addition, Brazil ETFs offer the potential for higher returns than developed market ETFs. However, they also come with a higher degree of risk.