Traders got Bearish on Brazil ETFs Ahead of Impeachment Vote
April 19, 2016 at 13:28 PM EDT
To the surprise of some investors, the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) closed lower Monday, a day after the lower house of Brazil’s congress voted to impeach President Dilma Rousseff. Ahead of Sunday’s impeachment vote, some traders made bearish bets against the largest...