“The disappointment over the Brazilian economy’s performance weighed on the market,” Vladimir Caramaschi, chief economist with Crédit Agricole, said in a Reuters article.
Caramaschi believes that investors are anticipating low growth and high inflation, so they are reducing their exposure to the benchmark Bovespa Index. [Brazil Infrastructure ETF: Rio, We’ve Got A Problem]
Other Brazil ETFs include:
- Market Vectors Brazil Small-Cap ETF (NYSEArca: BRF) down 7.1% year-to-date
- iShares MSCI Brazil Small Cap Index Fund (NYSEArca: EWZS) down 6.2% year-to-date
- Global X Brazil Mid Cap ETF (NYSEArca: BRAZ) down 4.0% year-to-date
- First Trust Brazil AlphaDEX Fund (NYSEArca: FBZ) down 1.9% year-to-date
iShares MSCI Brazil Index Fund
For more information on Brazil, visit our Brazil category.
Max Chen contributed to this article.