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A Brazil-focused ETF domiciled in Japan declined by 15 percent today on above average trading volume.
Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, commented that the ETF's drop exceeded its earlier gains tied to hopes for a central or right-leaning government, adding that EWZ is expected to be active today.
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Eric Balchunas has commented previously on investor movements in notable ETFs. He observed sustained inflows into TLT despite price declines in one recent report. Balchunas also noted the launch of the REX Peptide ETF, which targets interest in weight loss drugs, in another article.