Exchange traded funds tracking Brazilian stocks are getting some much-needed relief today on news the embattled government there will intervene to stem the fall of the real, the Brazilian currency.
That might be too little too late for some Brazil ETFs, notably the Global X Brazil Financials ETF (NYSE: BRAF). New York-based Global X, the issuer of the Global X Brazil Financials ETF, said in a statement it will close BRAF and three other ETFs next month.
Joining BRAF in the to-be-closed bin are the Global X Junior Miners ETF (NYSE: JUNR), the Global X Guru Small Cap Index ETF (NYSE: GURX) and the Global X Central Asia & Mongolia Index ETF (NYSE: AZIA). The ...
/www.benzinga.com/news/15/09/5866222/things-are-so-bad-in-brazil-one-of-its-etfs-is-closing alt=Things Are So Bad In Brazil, One Of Its ETFs Is Closing>Full story available on Benzinga.com
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