More Bad News For Brazil ETFs: June Edition
June 07, 2013 at 12:35 PM EDT
Already in a tenuous technical spot because of a year-to-date tumble of 11.5 percent, the iShares MSCI Brazil Capped Index Fund (NYSE: EWZ ) could be facing more troubling times ahead. Late Thursday, Standard & Poor's lowered its ratings outlook on Brazil, Latin America's largest economy, to negative from