Bears Haunt Brazil as Short Bets Jump on World’s Best Stocks

September 1, 2016 2:58 PM

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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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