Brazil ETF Steady, Sort of, Following Petrobras Plunge

Shares of the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) are off 1.6% Wednesday. That is nothing to brag about but that showing by the largest Brazil ETF on a day when Petrobras (NYSE: PBR), one of EWZ’s largest holdings, is plunging is arguably encouraging. Petrobras, Brazil’s state-run oil...