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Brazilian markets are getting slammed, and Wall Street firms are hurting (EWZ)





Protest Brazil Michel Temer

Brazil’s markets are getting slammed as a political scandal unfolds involving alleged bribery and the country’s president.

And some of the biggest firms in finance are potentially getting hurt.

The biggest exchange-traded fund focused on Brazil is the iShares MSCI Brazil Capped ETF (EWZ), with more than $5.8 billion in assets.

As of mid-day Thursday, the ETF has fallen more than 16%, according to Markets Insider data.

As of March 31, some of that ETF’s biggest holders included:

  • Bridgewater Associates
  • Morgan Stanley
  • UBS
  • Goldman Sachs
  • Credit Suisse
  • BNP Paribas
  • Bank of America
  • State of Tennessee Treasury Department

That’s according to regulatory filings analyzed by Bloomberg.

To be sure, these positions may read more >>>

Source:: BusinessInsider.Com

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