Don’t Play Politics With Brazil ETFs
November 04, 2015 at 15:00 PM EST
Brazilian equities and country-specific exchange traded funds are rebounding as some investors jump on cheap valuations that are disconnected with fundamentals and are more a result of political scandals. The iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) gained 7.0% over the past week but is still...