As has been frequently noted, this has been another trying year for the iShares MSCI Brazil Index (ETF) (NYSE: EWZ). Quantifying the largest Brazil exchange-traded fund's woes is not difficult.
Entering Tuesday, EWZ was sporting a 35.4 percent year-to-date loss. That is more than quadruple the loss sported by the MSCI Emerging Markets Index and more than seven times the year-to-date losses of the WisdomTree India Earnings Fund (ETF) (NYSE: EPI) and the iShares FTSE/Xinhua China 25 Index (ETF) (NYSE: FXI).
Emerging Markets Have Rebounded
To be fair, emerging markets equities and ETFs have recently rebounded with EWZ getting in on that act. Over the past month, the big Brazil ETF is higher by just over 12 percent, but that gain is mostly in line with that of the iShares MSCI ...
/www.benzinga.com/trading-ideas/long-ideas/15/10/5945468/options-traders-get-opportunistic-with-big-brazil-etf alt=Options Traders Get Opportunistic With Big Brazil ETF>Full story available on Benzinga.com
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