Political turmoil trips up these Brazil and China ETFs

Article Excerpt

We have changed our recommendations on these four ETFs from buy to hold: ISHARES MSCI BRAZIL INDEX FUND $23.94 (New York symbol EWZ) is an ETF that’s designed to track the Brazilian stock market. ISHARES CHINA LARGE-CAP ETF $34.67 (New York symbol FXI) is an exchange traded fund that aims to track the Financial Times Stock Exchange (FTSE) China 50 Index, which is made up of the 50 largest, most liquid Chinese stocks. SPDR S&P CHINA ETF $67.31 (New York symbol GXC) aims to track the S&P China BMI Index, which is made up of all publicly traded Chinese stocks available to foreign investors. GUGGENHEIM CHINA SMALL CAP ETF $22.04 (New York symbol HAO) aims to track the AlphaShares China Small Cap Index, which is made up of all Chinese stocks that are legal for foreign investors and have market caps between $200 million and $1.5 billion. Chinese stocks have plunged since this summer. Chinese leader Xi Jinping seems focused…