After being the worst performer among the four major single-country BRIC ETFs last year with a  loss of nearly 18%, EWZ is the best of the quartet this year, though that is not saying much as the ETF is lower by nearly 3%.

Although hopes are in place for a rebound in Latin America ETFs in 2014, the group’s start to the year has been less than encouraging as EWZ and the comparable Chile and Mexico ETFs are all off close to 3%. [LatAm ETFs Look to Rebound in 2014]

Emerging markets ETFs shed almost $2.85 billion last month with Brazil and Mexico ETFs among the worst offenders, according to iShares data.

Tom Lydon’s clients own shares of EEM.

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