|Day's Range||52.340 - 53.090|
|52 Week Range||41.230 - 54.250|
|PE Ratio (TTM)||-20.03|
|Expense Ratio (net)||0.48%|
There is good reason to fear that global economic growth is under threat -- the latest being Moody's China credit downgrade -- but be not afraid, say the analysts at Strategas. They think the China downgrade ...
Mexico's central bank unexpectedly raised its benchmark interest rate Thursday, capping a week in which Mexico funds attracted investors. Despite the cacophony from Brazil weighing on Latin American assets, the iShares MSCI Mexico Capped exchange-traded fund (EWW) is up 2.3% today, though it has underperformed emerging markets this year with a rise of 5.4%. Mexico's local equity market briefly traded above 50,000 for the first time in history earlier this month and "FX investors seem relieved to see the central bank take action," noted Michael Shaoul at Marketfield Asset Management, who adds: "There are very few hawkish central banks left on the planet so there is a novelty value to the Bank of Mexico surprising investors with a 25-basis-point hike that takes the Official Overnight Rate up to 6.75%, its highest level since April 2009.