The Traderszone Network

Published in TZ Latest News 27 October, 2014 by The TZ Newswire Staff

Brazil ETFs Reel As Rousseff Win Dims Reform Hopes

Exchange traded funds tracking Brazilian equities toppled Monday, a day after incumbent President Dilma Rousseff scored a narrow election win. The $5.3 billion iShares MSCI Brazil Capped (EWZ) fell 5% to 39.33, while iShares Latin America 40 (ILF) — with 65% of its $967 million in Brazilian equities — gave up 3%. Market Vectors Brazil Small-Cap (BRF) also sold off in heavy volume, losing 4%.

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