Brazil ETFs Rally on Central Bank Support, Goldman Sachs’ Bullish Outlook
Brazil country-specific exchange traded funds surged Thursday after the Central Bank of Brazil stated its intent to increase support of the real currency and Goldman Sachs argued that this emerging market was a prime cheap opportunity.
Among the best performing non-leveraged ETFs of Thursday, the iShares MSCI Brazil ETF (NYSEArca: EWZ), the largest Brazil-related ETF, increased 4.3%.
By Max Chen via ETF Trends