Ahead of Sunday's vote by Brazil's lower house of congress to impeach President Dilma Rousseff, exchange traded funds investors did not scamper into ETFs tracking Latin America's largest economy in big numbers.
As of 12 a.m. Eastern time, 439 votes had been cast in Brazil's lower congressional body with 321 voting in favor of impeachment. The number needed to move the vote over to Brazil's senate is 344. Once the senate considers Rousseff's fate, a simple majority is all that is needed. The vote to impeach Rousseff took place less than 110 days from Brazil's hosting of the 2016 Summer Olympics.
Speculation that Rousseff's grasp on power is tenuous at best and that impeachment is a real possibility are among the primary reasons the iShares MSCI Brazil Capped ETF (NYSE: EWZ) is up more ...
/www.benzinga.com/trading-ideas/long-ideas/16/04/7849136/etf-investors-were-skittish-ahead-of-brazil-impeachment-vote alt=ETF Investors Were Skittish Ahead Of Brazil Impeachment Vote>Full story available on Benzinga.com
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