iShares MSCI Brazil Capped ETF (NYSEArca: EWZ)
YTD: Down 15.2%
Decline From Pre-Crisis High: Roughly 50% and that is being a tad conservative.
Comment: EWZ is one of the 10 worst ETFs this year in terms of outflows. Additionally, Latin America’s largest economy is contending with a weak currency, declining commodities demand and stagflation. Another run at $100 for EWZ seems unlikely, even when stretching one’s time horizon out a couple of years. However, advisors are nibbling at Latin America ETFs again and EWZ has jumped 14% since its September lows. [Advisors Wading Back Into LatAm ETFs]