Bank Downgrades Pressure South Africa ETF
August 19, 2014 at 15:03 PM EDT
Moody’s Investors Service lowered the ratings of South Africa’s four largest banks and could issue further cuts after the collapse of African Bank Investments, dragging down the country-specific exchange traded fund. The iShares MSCI South Africa ETF (NYSEArca: EZA) fell 0.4% Tuesday....