Brazil ETFs Surge After Lula Conviction

Markets ETF Trends

Shares of the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) surged Wednesday on news that former Brazilian President Luiz Inacio Lula da Silva was convicted on corruption charges. In the second quarter, EWZ slumped as another political scandal rocked Latin America’s largest economy. Brazil’s latest brush with political volatility involves a corruption scandal surrounding President…Click to read more at ETFtrends.com.

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