Although EWZ has outperformed EWW for much of this year, the Mexico ETF has been, until recently, the better asset gatherer. But as investors have been pouring capital into EWZ this month, the ETF has lagged EWW and ILF. EWZ is off 7.6% this month compared to a 4.5% loss for ILF and a 0.2% drop for EWW. [Mexico, Brazil ETFs Fight for Assets]
The Market Vectors Brazil Small-Cap ETF (NYSEArca: BRF) has pulled $4.8 million this month despite a decline of 8.3%.
iShares MSCI Brazil Capped ETF
Tom Lydon’s clients own shares of ILF.