I posted this idea on LinkedIn here > LinkedIn Login, Sign in | LinkedIn
When the dollar devalues these are the things that historically have done well:
- Precious metals
- Commodities
- Emerging Markets
- Other inflation-linked assets
Which means one market might benefit from dollar devaluation more than others, because it has high exposure to the above.
That market is … Brazil. The most common (non-compliant) ETF is EWZ which is currently at $28.65.
Zoya I think can create a Halal Version of EWZ? So above would be a good use case!