Brazil ETFs Continue To Wait on Pension Support
September 06, 2019 at 08:00 AM EDT
One of the cornerstones of President Jair Bolsonaro’s 2018 campaign was shoring up Brazil’s pension system and while that effort is progressing, the iShares MSCI Brazil Capped ETF ( EWZ B+ ) , the largest Brazil-related ETF, is lower by more than 7% over the past month amid escalating fears Latin America’s largest economy is nearing a recession.
