ETF Chart of the Day: Mexico

ETF Trends

The sole ETF dedicated to exposure to the equity market of Mexico, EWW (iShares MSCI Mexico, Expense Ratio 0.52%) attracted impressive inflows last week taking in north of $250 million via creation activity (the ETF currently has $2.8 billion in assets under management).

This comes at the ETF closed just shy of a multi-year intraday high of $75.00 that was touched at the beginning of February, and the ETF has now finished up for the past five trading sessions on very heavy trading volume.

The ETF is rather top-heavy, with America Movil making up 21.27% of the portfolio, and followed by Fomento Economico Mexicano (9.55%), Wal-Mart de Mexico (7.71%), Grupo Mexico (6.67%) and Grupo Financiero Banorte (5.33%) rounding out the top five holdings, and it not surprisingly has a mega/large cap slant (90% of the portfolio residing in names of those capitalizations).

Other ETFs that have peripheral exposure to the Mexican equity market include ILF (iShares Latin America 40, Expense Ratio 0.50%), FLN (First Trust Latin America AlphaDEX, Expense Ratio 0.80%), SIL (Global X Silver Miners, Expense Ratio 0.65%), and EEML (iShares MSCI Emerging Markets Latin America, Expense Ratio 0.49%) and it would not be surprising to see spikes in activity in any of these especially if Mexican based equities continue their recent surge to new highs.

iShares MSCI Mexico

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mexico-etf

For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at pweisbruch@streetonefinancial.com.

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