Brazil ETFs sold off briskly Thursday, a day after the country was downgraded to "junk" status by a U.S. credit rating agency. Major stock exchange traded funds rallied in afternoon trade as investors digested mixed economic data, including falling import prices and a drop in weekly jobless claims. Market Vectors Brazil Small-Cap (BRF) dropped 3.7% to 11.36 in the stock market today. The ETF is 62% off its 52-week high of 30.45, set a year ago.
Thursday 10 September 2015
Brazil ETFs Get Whacked On 'Junk' Credit Downgrade
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Brazil ETFs sold off briskly Thursday, a day after the country was downgraded to "junk" status by a U.S. credit rating agency. Major stock exchange traded funds rallied in afternoon trade as investors digested mixed economic data, including falling import prices and a drop in weekly jobless claims. Market Vectors Brazil Small-Cap (BRF) dropped 3.7% to 11.36 in the stock market today. The ETF is 62% off its 52-week high of 30.45, set a year ago.
Brazil ETFs sold off briskly Thursday, a day after the country was downgraded to "junk" status by a U.S. credit rating agency. Major stock exchange traded funds rallied in afternoon trade as investors digested mixed economic data, including falling import prices and a drop in weekly jobless claims. Market Vectors Brazil Small-Cap (BRF) dropped 3.7% to 11.36 in the stock market today. The ETF is 62% off its 52-week high of 30.45, set a year ago.
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