Smaller Brazil ETFs Dinged by Rate Hike
April 18, 2013 at 14:10 PM EDT
The beleaguered iShares MSCI Brazil Capped Index Fund (NYSE: EWZ ), the largest ETF tracking Latin America's largest economy, is trading modestly higher Thursday, a day after Brazil's central bank raised its benchmark interest rate to 7.5 percent from 7.25 percent. The move comes after Brazil's rate of inflation recently