Brazil ETF Tumbles on News of Campos Plane Crash

EWZ is up 6.2% since the start of June, a time frame that has included several polls highlighting waning support for Rousseff. The ETF has shown a penchant for rallying on days in which those poll numbers are released. For example, EWZ jumped more than 3% on June 6 when a poll showed Rousseff’s support had dipped to 34% from 37% in May. [Rousseff Woes Equal Gains for Brazil ETFs]

Despite EWZ’s 13.1% year-to-date gain, investors have pulled more than $53 million from the fund in the current quarter.

iShares MSCI Brazil Capped ETF

ETF Trends editorial team contributed to this post. Updated to reflect news of Campos’ death.