European-listed Brazilian exchange-traded funds fell on Monday after Luiz Inácio Lula da Silva defeated Jair Bolsonaro in the Brazilian presidential elections. The London-listed iShares MSCI Brazil UCITS ETF
IBZL,
fell 4% and the Amundi MSCI Brazil UCITS ETF
BRZ,
fell 3% in Paris. The iShares MSCI Brazil ETF
EWZ,
dropped 5% in U.S. premarket trade. Bolsonaro has yet to concede.
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Brazil ETFs fall after Lula victory
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