Brazil ETF Sinks, but Volatility Spikes
September 17, 2015 at 09:00 AM EDT
Already in a long downward spiral, things got worse for the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ), the largest exchange traded fund tracking Brazilian stocks, last week when Standard & Poor’s stripped Brazil of its investment-grade credit rating. EWZ is now down 10% over the past...