Brazil ETFs Retreat as Economy Heads Toward a Recession
August 12, 2019 at 14:46 PM EDT
Brazil country-specific ETFs are among the worst hit Monday as economic indicators suggest the Latin American market may be slipping into a recession. The iShares MSCI Brazil Capped ETF (NYSEArca: EWZ), the largest Brazil-related ETF, declined 2.7% on Monday. Brazilian central bank’s IBC-Br...