Easter Traffic Jams Bode Well For BRXX
Holiday traffic is a familiar sight all over the world. So it's no surprise that during the long Easter weekend, many Brazilians have left the confines of their cities to spend some time relaxing with their relatives around the country. However, what is surprising is the sheer volume of traffic. According to Brazilian news sources, the longest traffic jam in the country spans 77 kilometers. In São Paulo, it's estimated that 1.7 million cars, about one for every resident of Manhattan, are leaving the city. Similarly, airport officials have announced that 18% of all flights in the country had been delayed or cancelled.
As Brazil continues to grow as a world superpower, its creaky infrastructure will see more strain. With more than $1 trillion set to be spent on new Brazilian infrastructure during the next decade, investors have plenty of ways to profit. The easiest for adding Brazilian exposure is through the EGShares Brazil Infrastructure (NASDAQ: BRXX). The fund tracks 30 different firms associated with infrastructure and will be major beneficiary of the nations increased spending. The fund has returned nearly 26% since inception.
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