A Mass Exodus From the Brazil ETF
This article was originally published on ETFTrends.com.
The once hot iShares MSCI Brazil Capped ETF (NYSEArca: EWZ), the largest Brazil exchange traded fund trading in the U.S., saw some heavy outflows earlier this week as investors pulled money from Latin America’s largest economy. “Investors pulled about $127 million from the $9 billion iShares MSCI Brazil ETF on Tuesday, the largest single-day withdrawal since [...]