|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||38.26 - 39.11|
|52 Week Range||31.04 - 40.80|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.63%|
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
While the Brazilian government bumped up its deficit target late Tuesday to 159 billion reais ($50.4 billion) for both 2017 and 2018, it is promising spending cuts and some revenue boosters that are likely to get approval despite the country's ongoing political chaos, Eurasia Group says. The previous deficit target was 139 billion reais. The Brazilian real strengthened by 0.7% against the U.S. dollar and the iShares MSCI Brazil Capped exchange-traded fund (EWZ) tempered gains at the close, with a rise of 1.3% Wednesday just ahead of the Vanguard FTSE Emerging Markets ETF (VWO), up 1.1%. Shares of Brasil's Banco Bradesco (BBDO) rallied 4.5%, iron ore mining giant Vale (VALE) rose 3%, and meat producer BRF (BRFS) fell 1%.
S&P Global announced late Tuesday that it removed Brazil's credit ratings from CreditWatch because "the economy appears to have stabilized despite fluid politics." The ratings agency kept the negative outlook on the indebted nation's bonds, and said the possibility of a downgrade over the coming months remains possible with a presidential election in 2018 and a high, rising debt burden. S&P also cited the challenges Brazil's Congress faces in reducing deficit spending by cutting government subsidies. The report came after Brazil reported improving retail sales.