Wal-Mart Seeks Expansion In Brazil, Taking ETF Shopping
August 14, 2008 at 15:00 PM EDT
It could be a win-win situation for both Brazil and exchange traded funds (ETFs) that hold Wal-Mart as a top component. Wal-Mart (WMT) is looking to expand in Brazil, where they are the third-largest retailer, in hopes that Brazilians will shop till they drop. Wal-Mart is looking to invest $1.1 billion into the country in 2009, which [...]
