Corporate Bond Downgrades Could Pressure Brazil
August 14, 2013 at 08:30 AM EDT
One day does not make a trend, but Tuesday’s price action in BRIC ETFs may prove to be a bad sign for Brazil bulls. On a day when U.S. stocks closed modestly higher, the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) lost 0.63%. Of the other three major single-country BRIC ETFs, the WisdomTree...
