A tiny exchange-traded fund is signaling that Brazil’s world-beating stock rally may be coming to an end.
The $51 million ProShares UltraShort MSCI Brazil ETF, which rewards investors when Brazilian stocks decline, attracted $20 million of inflows over the past two months, according to data compiled by Bloomberg. That’s almost twice the amount of bullish wagers that went into BlackRock Inc.’s $3.9 billi...
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