“Gains in Brazilian assets spurred by the move to impeach President Dilma Rousseff are unlikely to last as Latin America’s biggest economy struggles, Brazil’s Verde Asset Management said in a letter to clients,” reports Filipe Pacheco for Bloomberg. http://www.bloomberg.com/news/articles/2015-12-10/brazil-impeachment-rally-likely-to-be-short-lived-verde-says

Against the backdrop of ongoing concerns, more aggressive traders may turn to a bearish or inverse ETF option to capitalize on continued weakness in Brazilian equities. For instance, the ProShares UltraShort MSCI Brazil Capped ETF (NYSEArca: BZQ) takes the -2x or two times inverse of the daily performance of the MSCI Brazil 25/50 Index, which acts as the underlying index for EWZ.

“Brazilian lawmakers initiated impeachment proceedings against Rousseff last week. Moody’s Investors Service said on Wednesday that it may cut Brazil’s rating to junk, which would make it the second major company to do so,” according to Brazil.

iShares MSCI Brazil Capped ETF