More Bad News For Brazil ETFs
April 04, 2013 at 14:17 PM EDT
At a time when the iShares MSCI Brazil Capped Index Fund (NYSE: EWZ ) and other ETFs tracking Latin America's largest economy can handle no more bad news comes this. Citigroup has slashed its year-end target for Brazil's benchmark Bovespa index to 65,000 from 70,000. The bank cited slack economic