Recession Doldrums Send Brazil's ETF to Worst Start to Year Ever

Updated on
  • The iShares MSCI Brazil Capped ETF extends 2016 tumble to 15%
  • ADRs of Petrobras, Vale slump during holiday in Sao Paulo

Here’s more bad news on Brazil: Its biggest exchange-traded fund is set for the worst start to a year on record as the malaise in Latin America’s largest economy deepens.

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