By: Benzinga
Not Just EWZ: Petrobras Plaguing Other ETFs
Shares of Petrobras (NYSE: PBR ), Brazil's state-controlled oil giant, are plunging by 6.5 percent today, extending a bearish run that has sent the stock below its December 2008 lows. Typically, a decline of this magnitude by Petrobras would be problematic for the iShares MSCI Brazil Index Fund (NYSE:
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