ETFs seeking to replicate Brazilian stocks indices experienced a tough market session last Friday with ETFs plunging -9,09%. Brazil’s political crisis deepened as justice minister Sergio Moro resigned, accusing President Bolsonaro of interfering in law enforcement affairs. The news sent the domestic financial market into freefall, while the real slid to a new record low against the US dollar. With investors sentiment strongly deteriorated, Friday’s market session brought the year-to-date cumulative performance to -51,60% as investors redeemed -$364M from the segment. 15 funds tracking 5 indices are included in the segment for a total of $5,5Bn of assets under management.