This is how bad things have been in 2015 for Latin American stocks and the relevant exchange-traded funds trading in the United States: Of the single-country ETFs tracking Latin American economies, the Global X MSCI Argentina ETF (Global X Funds (NYSE: ARGT)) has been the best performer this year. ARGT, the lone dedicated Argentina ETF, is down almost 5.1 percent.
As has been widely noted, the iShares MSCI Brazil Index (ETF) (NYSE: EWZ) has been one of the worst offenders among Latin America ETFs. Benzinga reported earlier this month that there is a sweeping corruption probe into Brazil's state-controlled oil giant Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR), which is one of EWZ's largest holdings. That probe has ensnared Brazilian President Dilma Rousseff.
Then there is Vale SA (ADR) (NYSE: VALE), another large ...
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