FYI: The biggest exchange-traded fund tracking Brazilian equities slumped after former President Michel Temer was arrested amid a sweeping corruption probe that raised concern over the approval of a key pension overhaul in Congress.
The $9 billion iShares MSCI Brazil ETF fell as much as 4.4 percent Thursday, and trading volume surged. More than 55 million shares worth $2.4 billion exchanged hands as of 3:29 p.m. in New York, already pushing the EWZ’s turnover to the highest since October and more than double the daily average daily of the past year.
Regards,
Ted
https://www.bloomberg.com//news/articles/2019-03-21/brazil-etf-sees-2-4-billion-in-turnover-after-temer-s-arrest?srnd=markets-vp
