Brazil ETF Pinched by New Corruption Probe

Markets ETF Trends

The iShares MSCI Brazil Capped ETF (NYSEArca: EWZ), the largest exchange traded fund tracking Brazilian equities, and Brazilian American Depositary Receipts (ADRs) dealt with some drama Wednesday as media reports revealed Brazil’s Supreme Court has launched a new corruption probe targeting some high-level public officials. Some investors are reevaluating Brazilian stocks, something that has benchmark…Click to read more at ETFtrends.com.

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