On July 6, 2023, the Latin America Blended Cap ETF market faced a challenging trading session, with a performance decline of -2.74%. This prominent market, valued at approximately 4 Bn EUR, consists of 17 ETFs that cover a diverse range of assets. The movement of the overall market was reflected in several key ETFs, including Xtrackers MSCI Mexico UCITS ETF (XMES) with a daily return of -2.34%, HSBC MSCI EM LATIN AMERICA UCITS ETF (HMLD) with a daily return of -0.46%, iShares MSCI Brazil UCITS ETF USD (Dist) (IBZL) with a daily return of -2.66%, and iShares MSCI Brazil UCITS ETF (DE) (4BRZ) with a daily return of -2.66%.
This downward trend was primarily driven by notable companies within the market. BM&F BOVESPA BOLSA DE VALORES ORD (B3SA3) experienced a daily return of -3.73% and a -3.14% decline over the past week. ELETROBRAS ORD (ELET3) encountered a daily return loss of -2.50%, while AMBEV SA (ABEV3) suffered a daily return loss of -2.50% and a -2.56% decline over the past week. Furthermore, BANCO BRADESCO PRF (BBDC4) saw a daily return decrease of -2.41%. Investors are closely monitoring these companies' performance as their influence reflects the overall performance of the Latin America Blended Cap ETF market.
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