Banks Don’t Need to be a Drag on Brazil ETFs

The iShares MSCI Brazil Capped ETF (NYSEArca: EWZ), the largest exchange traded fund tracking Brazilian equities, was one of 2016’s best-performing single-country emerging markets ETFs. Making the strength of Brazilian stocks last year all the more impressive was that those bullish performances were notched in the face of lingering concerns about Brazilian banks. That issue…Click to read more at