Peter Costa Likes Brazil (EWZ)

Peter Costa is on CNBC and he picked iShares MSCI Brazil Index ETF

as his pick for 2011. Costa said that he likes that Brazil has a stable government, a growing middle class to the tune of 150-200 million, and he also likes the dividend that the Brazilian ETF offers. It's currently yielding around 3%, which Costa said was fairly strong for emerging market growth.