Brazil ETF Leads Emerging-Market Outflows as Greece Adds to Woes

Brazil’s biggest exchange-traded fund sank to a four-week low on concern that a possible Greece exit from the euro would deepen the largest outflows among emerging markets this year.

The iShares MSCI Brazil Capped ETF had about $800 million in withdrawals in the first six months of 2015, according to data compiled by Bloomberg. The fund extended this year’s slump to 11 percent. The Ibovespa retreated 1.9 percent to 53,014.21 at the close of trading in Sao Paulo, the most in a month.