Brazil ETFs Hold up Well After S&P Downgrade
March 25, 2014 at 12:52 PM EDT
A day after Standard & Poor’s lowered Brazil’s sovereign debt rating to BBB-, the lowest investment grade, exchange traded funds holding Brazilian debt an equities are holding up pretty well. The iShares MSCI Brazil Capped ETF (NYSEArca: EWZ), the largest Brazil ETF by assets, is trading higher...