Brazil ETFs Surge After Lula Conviction
July 13, 2017 at 10:53 AM EDT
Shares of the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) surged Wednesday on news that former Brazilian President Luiz Inacio Lula da Silva was convicted on corruption charges. In the second quarter, EWZ slumped as another political scandal rocked Latin America’s largest economy. Brazil’s...