After weeks of mass protests, Brazilian President Rousseff calls for a referendum and...

|By:, SA News Editor

After weeks of mass protests, Brazilian President Rousseff calls for a referendum and Constituent Assembly to carry out political reform in the country. Off more than 20% this year, the Bovespa is the worst performer among major emerging markets. The carnage in Brazilian ADRs includes BBD, CZZ, FBR, GFA, ITUB, OIBR, PBR, VALE. Brazilian ETFs EWZ and BRF have fared little better.