|Day's Range||35.23 - 35.79|
|52 Week Range||25.15 - 40.80|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.63%|
This week has brought more arrests in the escalating Lava Jato corruption scandal in Brazil, with a top aide to President Michel Temer among those hauled in for questioning. EPFR Global today noted that in the seven-day period through May 24, Brazil funds saw net inflows. EPFR research Director Cameron Brandt writes: "The flows into Brazil Equity Funds, most of which went to ETFs dedicated to this market, came on the heels of another twist in the country's major corruption scandal which raised questions about the political survival of President Michel Temer and his ability to push through key reforms.
Moody's Investors Service lowered its outlook on Brazil credit to negative from stable late Friday. The credit rating agency maintained its Brazil issuer rating of Ba2, two notches below investment grade, reflecting "strengths and weaknesses of Brazil's credit profile." The iShares MSCI Brazil Capped exchange-traded fund (EWZ) was off by 0.3% just after the close. The was higher by 1.5% for the week including a rise Friday, while Brasil's state-controlled oil producer Petroleo Brasileiro or Petrobras (PBR) was flat on the week with a nosedive in oil prices.
Wall Street loves misery. Brazil records biggest weekly inflow since 2012.