Things are Unbelievably Bad for Brazil ETFs
March 06, 2015 at 12:24 PM EST
In what is now an all too familiar theme for Latin America bulls, Brazil exchange traded funds are being punished Friday after J.P. Morgan downgraded its view on the country’s sovereign debt to underweight from market weight. The iShares MSCI Brazil Capped ETF (NYSEArca: EWZ), the largest and most...