Some single-country ETFs such as the Turkey fund are down as much as 55% this year alone.
There’s no consensus on why Brazil equity ETFs are rallying, just that they sure are.
These funds have delivered stellar returns to investors who never gave up on emerging markets.
A weakening Brazilian real is killing returns for U.S.-based investors in funds like EWZ.
First Trust launched 13 new ETFs on April 19 tied to its quantitatively driven AlphaDex indexes, including nine international and four domestic equity funds.