Brazil ETF Bleeds Cash, Slumping 15% in August
This article was originally published on ETFTrends.com.
Down more than 22% year-to-date, the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) is bleeding assets. EWZ, the largest exchange traded fund tracking stocks in Latin America’s largest economy, is also one of this year’s worst-performing single-country emerging markets ETFs. After rallying in July, EWZ has given back all of those gains and then some, slumping [...]