|Bid||43.55 x 3100|
|Ask||44.64 x 800|
|Day's Range||43.40 - 44.12|
|52 Week Range||37.50 - 53.06|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.15|
|Expense Ratio (net)||0.47%|
Mexico is the United States' third largest trading partner, with the U.S. importing nearly $350 billion worth of goods from the country every year. All now stands in the crosshairs of these new tariffs -- and they could have wide-ranging economic impact across the globe. Yahoo Finance's Zack Guzman & Jeanie Ahn, along with Cornell Capital Partner Ann Berry discuss with Mercatus Center Senior Research Fellow Dan Griswold.
Tom Lydon of ETF Trends.com and Alfred Eskandar of Salt Financial, join CNBC's "ETF Edge' to discuss whether the U.S.-China trade tensions are making the emerging markets an attractive investment.
Trucks are stuck ten-plus hours at the U.S.-Mexican border amid immigration tensions. Yahoo Finance's Zack Guzman and Sibile Marcellus are joined by Lauryn Evarts Bosstick and Michael Bosstick, ‘The Skinny Confidential’ Podcast Co-Hosts, to discuss.
The Mexico country-specific ETF was among the standout performers on Monday after President Donald Trump announced he will drop further plans for tariffs on Mexican goods. The iShares MSCI Mexico Capped ETF (EWW) increased 2.7% on Monday and was testing both its short- and long-term resistance at the 50- and 200-day simple moving averages, respectively. “The news of the deal with Mexico is likely to power global equities higher,” Ben Emons, managing director for global macro strategy at Medley Global Advisors, told Bloomberg.
The iShares MSCI Mexico Capped ETF (EWW) , the largest US-listed exchange traded fund dedicated to stocks in Mexico, rallied Monday after the U.S. and Mexico backed away from a possible trade war. It's up 3.16% as of 12:48 pm EDT, trading at $44.94. Last week, President Trump took to Twitter to say that if Mexico agreed to up purchases of agriculture commodities from U.S. farmers, the tariffs could be averted. Trump originally floated the idea of tariffs on Mexico if the country did not step up to help with the immigration crisis.
China is "getting absolutely decimated" by global companies because they "don't want to pay the tariffs," Trump said. Meanwhile, the U.S. reached an agreement with Mexico's government over the weekend that could avoid new tariffs on Mexican goods.
President Donald Trump said last week that he’d place 5-percent tariffs on Mexican goods until Mexico stopped the flow of migrants across the border. Bloomberg and The Washington Post reported Thursday that talks between Mexican and U.S. officials are underway on the issue, and Mexico is pushing for additional time. Trump has said the tariffs could escalate to as high as 25 percent.
It is easy to think that the ill effects of the trade war between the U.S. and China are limited to those countries. After all, the S&P 500 fell 5.67% in May while the MSCI China Index was more than twice as bad, plunging 12.74% last month.Unfortunately for investors considering international equities and exchange-traded funds (ETFs), the White House is not limiting its tariff efforts to China. Last month, the White House boosted tariffs on $200 billion worth of Chinese goods to 25% from 10%, but that is not the end of the U.S. tariff list.Rather, the President Donald Trump Administration is targeting other countries with tariffs, including some major developing economies -- explaining in large part why the MSCI Emerging Markets Index fell 6.63% in May.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best Stocks for 2019 -- So Far For investors looking to steer clear of tariff-related controversy, these might be some of the international ETFs to avoid over the near-term. ETFs to Avoid: iShares MSCI Mexico ETF (EWW)Expense Ratio: 0.47% per year, or $47 on a $10,000 investment.One of the primary reasons stocks plunged in the final trading session of May was news that the White House is targeting Mexico, the largest trading partner of the U.S., with a slew of fresh tariffs. That sent the iShares MSCI Mexico ETF (NYSEARCA:EWW) lower by 3.6% on volume that was more than double the daily average. That was this international ETF's worst one-day performance in six months.On a standalone basis, tariffs are usually controversial, but those aimed at Mexico are even more so. While Mexico enjoys geographic proximity to the U.S., the world's largest economy, the White House views that trading relationship as uneven. Additionally, the tariff action against Latin America's second-largest economy takes on added controversy because the Trump Administration is essentially saying these tariffs are the result of Mexico's unwillingness to help with the illegal immigration crisis.EWW is the largest dedicated Mexico fund, and there may be some near-term hope for this international ETF."Mexico's president on Saturday hinted his country could tighten migration controls to defuse U.S. President Donald Trump's threat to impose tariffs on Mexican goods, and said he expected 'good results' from talks planned in Washington next week.," according to Reuters. VanEck Vectors Gaming ETF (BJK)Expense Ratio: 0.66%With the bulk of its holdings being domestic casino operators and companies with exposure to Macau, the VanEck Vectors Gaming ETF (NYSEARCA:BJK) may not appear to be the type of international ETF that could be stymied by tariff talk. But price action suggests otherwise, as BJK tumbled nearly 11% in May.Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN) and MGM Resorts International (NYSE:MGM) are all Las Vegas-based companies, but each has a footprint in Macau, the only Chinese territory where gambling is legal. Proving that exposure to China is problematic when the country is at odds with the U.S., Las Vegas Sands and Wynn fell an average of 22.5% last month, putting the two largest U.S casino operators by market value in bear markets. * 6 Big Dividend Stocks to Buy as Yields Plunge Bottom line: If the tariff war between the world's top two economies keeps gamblers away from the tables in Macau, BJK has the makings of international ETF that is poised to languish over the near-term. Vanguard FTSE Europe ETF (VGK)Expense Ratio: 0.09%Yes, the Vanguard FTSE Europe ETF (NYSEARCA:VGK) is a cheap ETF. And yes, this international ETF performed less poorly than the S&P 500 in May. Even with those positive traits, this international ETF could be vulnerable to more near-term downside if the U.S. decides to explore a new theater in the trade war. That theater being Europe.President Trump has overtly used harsh rhetoric against some European companies. For example, he has said that automotive trade imbalances favoring Europe are threatening U.S. automakers. The president is also pushing the European Union (EU) to take more agriculture from U.S. farmers, something the EU is balking at."Countries like France and Belgium have also balked at joining talks because of the Trump administration's refusal in 2017 to sign a global pact on climate change," reports The New York Times. "And leaders of the Green coalition in the European Parliament have said they will not sign trade agreements with countries that have not ratified the climate accord."Bottom line: The EU and the U.S. could very well be the next chapter in the trade conflict, and that is likely to be bad news for developed-market international ETFs, such as VGK. iShares MSCI India ETF (INDA)Expense Ratio: 0.68%The iShares MSCI India ETF (CBOE:INDA) and other India funds were stars among international ETFs last month, as stocks in Asia's third-largest economy rallied following the reelection of Prime Minister Narendra Modi. While Indian equities look good compared to the broad emerging markets complex, there is significant trade war risk with the U.S. here.Last week, the White House removed India's special trade status, a policy that kept billions of dollars of Indian imports to the U.S. away from tariffs."I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets," President Donald Trump said in a statement issued by the White House. * 7 Bank Stocks to Leave in the Vault Today, India loses its status as a beneficiary developing country. Time will tell if that move by the U.S. hampers India ETFs. VanEck Vectors Steel ETF (SLX)Expense Ratio: 0.56%The VanEck Vectors Steel ETF (NYSEARCA:SLX) is a reverse tariff play. The U.S. steel industry was one group that actually benefited from tariffs, but in a recent sign of some willingness to make trade concessions, the White House lifted tariffs on Canadian and Mexican steel imports.While not an international ETF, SLX predictably reacted adversely to that news. The steel ETF is down almost 13% in the current quarter and resides almost 30% below its 52-week high, putting the fund deep into bear market territory. Analysts are sounding bearish tones on domestic steel stocks, including some residing in SLX.Last week, Deutsche Bank lowered its ratings on Nucor (NYSE:NUE) and Steel Dynamics (NASDAQ:STLD) to "hold" from "buy" while hitting US Steel (NYSE:X) with a "sell" rating. But SLX could be reinvigorated when Trump hits the 2020 campaign trail in earnest, assuming he again promises to protect domestic steel producers.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post 5 Non-China ETFs Being Stung by Tariff Talk appeared first on InvestorPlace.
Weakness in Purchasing Managers' Index and bleeding Asian markets do not paint a pretty picture for investors holding ETFs with exposure to the Asia-Pacific region.
Pre-market futures have buoyed into positive territory on news that Chinese officials say the ongoing trade war with the U.S. should be resolved at the negotiating table.
While the majority of May was focused on the U.S.-China trade war, June brings a new opponent to the tariff-for-tariff battle in Mexico, and this paves the way for Mexico-specific and Latin America-focused exchange-traded funds (ETFs) in play. U.S. President Donald Trump turned his attention to Mexico in the latest tariff wars by announcing a 5 percent tariff on all Mexican imports, which will begin on June 10. The move came as Trump urged Mexico to “reduce or eliminate the number of illegal aliens” entering the U.S.
On the edge of a possible economic hurricane, President Donald Trump is taking the biggest political gamble of his life. In an apparently contentious decision, Trump threatened a 5% tariff on all imported goods from Mexico beginning June 10. Like most of the administration's policy, there's a method behind the madness. But the madness also means you should consider now which stocks to sell.To understand this latest round of economic conflicts requires understanding Trump, an admittedly difficult task. Throughout his campaign, though, the former real-estate mogul made clear he wanted a border wall to stem Central American immigration. Frustrated with opposition stonewalling, the president overruled several of his key advisors. The optics that the commander-in-chief has gone rogue gives bearish investors extra incentive to target Mexican stocks to sell.Like clockwork, Mexican stocks did indeed fall. Once the tariff threats filtered throughout Wall Street, the exchange-traded fund iShares MSCI Mexico Capped ETF (NYSEARCA:EWW) dropped nearly 4%. As an export-driven economy, Mexico heavily depends on positive relations with the U.S.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut contrary to initial gut reactions, it's not just Mexican stocks that present challenges to investors. First, our neighbor to the south is a key partner to the global economy, not just the U.S. Second, many of the cheap or reasonably priced goods we enjoy, we have thanks to Mexico.In other words, we're going to suffer here in the U.S. too.The wrinkle in all this is that Mexico, again, heavily depends on us. As a result, Mexican President Andres Manuel Lopez Obrador has hinted at making concessions on migration management. * 7 Bank Stocks to Leave in the Vault Still, this is a dynamic situation because Mexico cannot show weakness, especially after years of suffering Trump's insults. Therefore, hold tight and watch these stocks to sell: Stocks to Sell: Ford (F)Having watched The Apprentice several times, President Trump would undoubtedly want to see Mexican stocks tumble into the abyss. But I believe that if this new tariff threat translates into a prolonged trade war, American icons like Ford (NYSE:F) will ultimately suffer the steepest consequences.Here's the thing about American cars: they're terribly overpriced for what you get but at least they're unreliable. According to Consumer Reports, Ford is the most reliable American car. Compared to all brands, they're ranked 18 out of 29. No wonder why F stock has taken a hit.But now, Ford executives are shifting their attention from Tokyo to Trump. Due to longstanding economic pressures, Ford along with its competitors have shifted production to Mexico. It was really the only way to keep F stock afloat. But with potential new tariffs on the horizon, the automaker will face double trouble from China and Mexico, leaving it begging to be included in a list of stocks to sell.Because historically, countries don't win dual-front battles. I'm sure the same could be said about dual-front trade wars. General Motors (GM)Source: GMIn recent weeks, I've really bashed American car brands like Ford and General Motors (NYSE:GM). Although it might seem unpatriotic to do so, I beg to differ. With a bailout and high hopes, we anticipated better things. Now, GM stock deserves its coming pain.I believe the real treason here is for American companies to sell their people junk goods which disproportionately affects poor and disenfranchised communities. To better illustrate my point, I highly recommend watching the "greed…is good" speech from the movie Wall Street. It's the American taxpayers that deserve better.But to be fair, GM stock was already on life support as the first round of the U.S.-China trade war kicked off. General Motors depends greatly on China, which is the world's largest automotive market. And thanks to unique historical and cultural factors, Chinese consumers love American car brands like GM. Of course, that loyalty is now under direct fire. * 7 Stocks to Buy for Monster Growth Tensions with Mexico, then, serve as the executioner's bullet. According to The Wall Street Journal, GM sold 663,000 Mexico-built vehicles in the U.S. This accounts for roughly 22% of domestic sales. If tensions escalate, you must put GM on your list of stocks to sell. Nissan Motor (NSANY)Source: Shutterstock Perhaps one of the most underappreciated components of this fresh conflict is that the bears won't simply focus on Mexico when seeking stocks to sell. In fact, in addition to U.S. companies, some of the worst victims will likely hail from abroad, such as Nissan (OTCMKTS:NSANY).While Japanese cars have transformed the automotive landscape, Nissan is decidedly the black sheep. Many years ago, the company sold its soul to the French, which was problem number one. Second, Japanese authorities arrested Nissan CEO Carlos Ghosn last year for financial-misconduct allegations.Thanks to its troubles, NSANY stock has crumbled this year. And unfortunately, tensions between the U.S. and Mexico threaten to undermine any comeback efforts.Nissan does significant business in Mexico. Anecdotally, several Mexicans with whom I spoke expressed pride in this brand. Unfortunately, market pressures have forced the company to scale back its Mexican operations. The tariff threats are exactly what NSANY stock doesn't need right now. Cemex (CX)Source: Dan Davison via Wikimedia (Modified)Invariably, when you're talking about potential tariffs against Mexico, you're most worried about which Mexican stocks to sell. Based purely on dynamic headlines, Cemex (NYSE:CX) stands to lose significant ground, especially if tensions don't find immediate resolution.For one thing, CX stock was already choppy heading into this stunning news. Shares slipped into negative territory for the year in April. They have since failed to return to the break-even point.But more worrisome are the broader implications. As an exporting economy, Mexico relies on its commodities distribution and manufacturing strengths. Specifically concerning Cemex's concrete business, Mexico exported nearly $184 million worth of the material last year. Our southern neighbor also ranks as one of the top-20 cement-exporting nations in the world. * 7 Stocks to Sell Amid an Escalating Trade War Therefore, a tariff on Mexico's exported goods would negatively impact Cemex's multinational business, which includes the U.S. Plus, Trump threatened additional tariffs beyond the 5% if he doesn't get certain concessions.It's an ugly situation all around for some Mexican stocks, and CX stock is among the ugliest. Wal-Mart de Mexico (WMMVY)Source: Shutterstock If Wal-Mart de Mexico (OTCMKTS:WMMVY) had a bit more trading volume here, I'd rank it higher among stocks to sell. Still, WMMVY stock is an easy one. Obviously, tariffs don't just hurt corporations. They filter down to the everyday man or woman working in those companies, eventually translating to consumer-sentiment erosion.But it's not all terrible news for WMMVY stock. Unlike many other Mexican stocks, Wal-Mart de Mexico shares have performed admirably this year. They've returned double digits since the January opener. So with another trade war possibly in the making, you have a great opportunity to pocket those profits.In other words, I think you should live for another day.Don't get me wrong: I think Mexico longer-term presents a wonderful opportunity. The country features a young labor force. This will become extremely relevant as developed countries focusing on digitalization will outsource their manufacturing components to other nations.But with a nationalistic president at the helm, you can't dismiss the threat toward all Mexican stocks. Kroger (KR)Source: Shutterstock Recently, The Washington Post ran a story entitled in part "Bigger than avocados." The implication, of course, is that Mexico is a huge exporter of food products and agricultural goods. As such, grocers like Kroger (NYSE:KR) face substantial risks. It's really no surprise that KR stock plummeted over 10% in May.Like the rest of this stocks to sell list, Kroger can ill afford a trade war with a major supplier. Even before the heightened tensions with both China and Mexico, KR stock was on the ropes. The company badly disappointed for its most recent earnings report, delivering only $28 billion in sales. That represented a 9.5% loss year-over-year.As you might expect, Kroger also suffered from squeezed margins. But with a potential trade war with Mexico, management has no choice but to push costs onto the consumer. * 7 Stocks to Buy for June I'm not sure how they'll react to this move, as the timing couldn't be worse. We're entering the summer season where gas prices typically jump. Additionally, the U.S.-China trade war might eliminate well-paying jobs, hurting the broader consumer base. Sony (SNE)Source: Game GavelThis one hurts me personally as I'm a shareholder. However, I think it's important to include Sony (NYSE:SNE) on this list of stocks to sell for two reasons. Number one, it limits the number of hate-mail and internet-stalking incidents I receive when writing bearish stories. Second and more importantly, I want to demonstrate my objectivity toward SNE stock and other risky names.Excepting the automakers, the other companies I mentioned have viable businesses. Unfortunately, the geopolitical winds just didn't turn favorably for them. Thus, I must respect the tape and resist fighting obvious challenges.SNE stock is a perfect example. Because consumer-tech leader Apple (NASDAQ:AAPL) is facing competitive threats to its hardware, I like Sony to disrupt them. Perhaps smartphones are dead ends, but the company has undisputed leadership in video games. With its massive content empire, Sony will likely maintain this advantage for several gaming-product cycles.But here's the problem right now: SNE, like other Japanese firms, made significant investments in Mexican manufacturing facilities. A possible tariff negatively impacts multiple Sony products, including high-profile ones like the PlayStation consoles.As of this writing, Josh Enomoto was long SNE. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right * 7 Bank Stocks to Leave in the Vault * 7 Stocks for You to Profit From (Legal) Insider Trading Compare Brokers The post 7 Stocks to Sell Impacted by the Mexican Tariffs appeared first on InvestorPlace.
The country has a falling inflation rate and high real rates, which should help it weather the crisis. One problem: not enough resources to actually patrol the U.S. border.
After President Donald Trump announced the U.S.’s intentions of enacting increased tariffs on Mexican products, exchange traded fund investors should look to their own portfolios to see if they have any ...
President Donald Trump reopened another front in the trade war—surprising investors who had shifted their focus away from Mexico to China—when he threatened to impose new tariffs on Mexico.
Tariffs are back in the news in a big way. President Donald Trump announced on Thursday -- via Twitter (NYSE:TWTR), naturally -- a 5% tariff on all goods entering the U.S. from Mexico. Mexican stocks fell on the news, with the iShares MSCI Mexico ETF (NYSEARCA:EWW) falling nearly 4% in early trading Friday. EU stocks tumbled overnight, though Chinese stocks, perhaps surprisingly, have held up somewhat well.Source: Shutterstock The new tariffs on Mexico -- which are slated to rise unless or until the country significantly slows migration into the U.S. -- are among several imposed by the Trump Administration. And while the various tariffs have made news, their impact on investors so far has been relatively muted.The fear now, as equities worldwide selloff, is that the new front on the trade war will be one too far. U.S. GDP projections for the second quarter have come down to a median estimate of 1.6%. China's economy likely is taking a hit. Growth in the Eurozone continues to be stagnant. There's certainly a sense that both a precarious global economy and wobbly equity markets could tip with the slightest push.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn that context, it's worth understanding Thursday's news in the context of tariffs imposed so far. The new tariffs on Mexican goods aren't the biggest ones imposed -- yet.But that doesn't mean they won't be the most important or the most damaging. Trump Tariffs So FarIt took just over one year for the Trump Administration to start playing the tariff card. In January 2018, the U.S. imposed levies on solar panels (at a 30% rate) and washing machines (20%), citing significant injury to domestic producers. Those tariffs weren't targeted at China in particular, but given that the rising Asian giant manufactures the majority of the world's solar panels, China felt the biggest hit. * 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right Less than six weeks later, the Administration added steel and aluminum to the list. Four countries -- South Korea, Argentina, Australia and Brazil -- received permanent exemptions. The European Union, Mexico, and Canada were excluded on a temporary basis to allow for bilateral negotiations. On June 1, 2018, however, those countries were included as well. As part of negotiations over the USMCA (United States-Mexico-Canada Agreement), this month tariffs were removed from Mexican and Canadian imports.From that point, the focus turned to China. China had retaliated against the steel and aluminum levies with tariffs of its own. In May 2018, both countries agreed to put the trade war on hold to continue negotiations. When talks failed, the US implemented new tariffs on some $50 billion of goods in two separate moves.In September, the U.S. added another $200 billion in goods to the list, at a 10% rate that would rise to 25% by January 1, 2019. China again retaliated; a pause again was declared in December. Talks failed once more. The U.S., adhering to a deadline it had set, raised the rate to 25% in early May.Then, this week, Trump announced the 5% levy on all Mexican goods. That rate, too, could rise to 25% if the Mexican government doesn't meet unspecified, vague goals. Where We Sit NowFor all the noise about tariffs over the past eighteen months, it's mostly U.S.-China trade that is affected. The U.S. has levied tariffs on $250 billion in Chinese goods; China, in turn, has targeted $110 billion in U.S. products.The USMCA negotiations had led to the lifting of retaliatory tariffs by Canada and Mexico. Whether that will hold amid the new levies on Mexican imports remains to be seen. In the meantime, Mexico will see a 5% tariff beginning in July that will rise 5% each month through October to a potential maximum of 25%.The European Union has added its own tariffs on automobiles and motorcycles, which most notably have hit U.S. manufacturer Harley-Davidson (NYSE:HOG). There, too, talks appear to have broken down. Both sides additionally continue to argue over alleged airline subsidies, part of the broader battle between Boeing (NYSE:BA) and Airbus (OTCMKTS:EADSY).Admittedly, in the context of the global economy -- roughly $88 trillion in GDP -- even 25% tariffs on less than half a trillion dollars' worth of goods seems relatively minimal. Most countries have no part in the trade war. And hopes persist that the U.S., in particular, can negotiate new deals -- or back off from an escalating game of chicken.But in an interconnected world, tariffs can cause disruption. And at least on Friday, investors clearly are showing their discomfort with the surprise move toward Mexican products. Is This an Overreaction?It is worth pointing out that, for all the noise, tariffs haven't really impacted equities all that much. Chinese stocks clearly have taken a hit. Big names like Alibaba (NYSE:BABA) and Tencent Holdings (OTCMKTS:TCEHY) declined sharply toward the end of last year, and have weakened again of late. For Chinese plays, there's been a clear correlation between trade sentiment and stock prices.But elsewhere, the impact of tariffs on equities has been muted. EU stocks, using the Euro Stoxx 50 index, have rallied since Trump's election despite weak domestic economies. Even Mexican stocks are essentially flat. US equities occasionally have been shaky but have performed even more strongly.So far, trade wars and tariffs haven't really hit stocks. The December dip -- driven in part by trade concerns -- proved to be a buying opportunity. It's possible that recent declines may prove to be the same.But the broader, deeper fear is that even a seemingly small 5% tariff winds up being one step too far. The imposition of levies on Mexico during USMCA talks has raised questions about whether China can negotiate with a rival who may change its policy on a whim.The U.S. presidential election now is less than 18 months away; Trump's re-election prospects are roughly 50/50 at the moment, at least per betting markets. Might trade partners choose to simply wait out the current Administration in hopes of finding a new, more trade-friendly, replacement? * 7 Stocks to Buy for Monster Growth If tariff hikes continue through early 2021, equity markets are going to feel pressure. And some investors clearly are looking to get out ahead of that eventuality. It remains to be seen whether that's prudence, or an overreaction.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Monster Growth * Ranking the Top 10 Stock Buybacks of Last Year * 5 Stocks Under $10 With Big Upside Potential Compare Brokers The post Where U.S. Tariffs Stand Now After Trump Mexico Tweet appeared first on InvestorPlace.
The largest exchange-traded fund to track Mexico's equity market fell sharply Friday, after U.S. President Donald Trump threatened to place escalating tariffs on all Mexican imports in an effort to force the country to slow the flow of Central American asylum seekers to the southern U.S. border. The iShares MSCI Mexico ETF fell 4.4% but was off initial lows. The ETF traded as low as $42.14, its lowest since March 14. The Mexican peso was off nearly 3% versus the U.S. dollar . The tariff threat rattled global markets, with investors already nervous about global growth prospects in part due to the continued U.S.-China trade battle. U.S. stocks traded sharply lower, with the S&P 500 off 1.3%. The Dow Jones Industrial Average dropped more than 300 points, or 1.2%, to 24,865.
As Trump announces tariffs on all imports from Mexico as a curb against illegal immigration, these ETFs and stocks could come under pressure.
Andres Manuel Lopez Obrador’s talk of property expropriation and other measures has frightened the business sector. Investors aren’t sure how seriously to take the rhetoric, but they may want to keep an eye on the exits.
The Mexico country-specific ETF broke out and was leading markets Monday, with Walmart's Mexico unit providing a nice boost as it takes on Amazon south of the border. The iShares MSCI Mexico Capped ETF (EWW) was among the best performing non-leveraged ETFs of Monday, rising 1.5% and trading back above its long-term trend line at the 200-day simple moving average. Bolstering the Mexico country-specific ETF, Walmart De Mexico is gaining a competitive edge against rival Amazon after it forced some food companies supplying groceries to pull products from the world's largest online retailer.
Exchange-traded funds can be a useful tool for smoothing out the volatile gyrations of the stocks market by allowing you to buy into baskets of stocks, rather than betting on a single name. The converse of that, however, is that it's a lot harder to pick an ETF that will be a runaway success. Just by their nature, the Best ETFs for 2019 contest entries have to work harder than their counterparts over in the Best Stocks contest to really stand out.And so far, these ETFs are up to the challenge. While none of them have doubled anyone's money, many have outperformed S&P 500 funds, such as the Vanguard S&P 500 ETF (NYSEARCA:VOO) and the top three funds so far have been battling for supremacy for the better part of the quarter.Will these funds stay in the lead or will something else come up to challenge them? With a number of uncertain headline risks, it's almost impossible to guess for certain. All we can say for certain is that no matter what the markets -- and the headlines -- decide to do, there's probably at least one fund that can benefit big-time.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 15 Stocks to Buy Leading the Financial Charge Here, in ascending order of year-to-date gains through the end of March, are this year Best ETFs contestants. Best ETFs for 2019: SPDR Gold Trust (GLD)Investor: Kent Thune Expense Ratio: 0.4% Year-to-Date Gains Through Q1: 1%It's not surprising that the SPDR Gold Trust (NYSEARCA:GLD) is lagging the rest of the field. Gold is traditionally thought of as a safe-haven commodity, and with the markets going gangbusters, many investors haven't felt as strong a need to dip into safety as they might have in, say, the end of 2018. The ETF did have a pretty nice run into February, but has pretty much been treading water since then.But there's still a shine on this ETF -- a shine that could get brighter if the outlook for the regular stocks gets a little dimmer. "Although there is no recession in sight in 2019, investors will soon begin to structure their portfolios for 2020," wrote Thune. "This is because the stock market is a forward-looking, discounting mechanism, that tends to reflect the collective expectations of investors three to six months in advance."So if the markets start to waver, look for the GLD ETF to make a comeback in the Best ETFs contest.Read more about the GLD ETF from Thune here. iShares US Helathcare Providers ETF (IHF)Investor: Todd Shriber Expense Ratio: 0.43% YTD Gains: 2%The iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) has been looking sickly compared to most of the field so far. This isn't solely at the feet of the constituent stocks, however. The XLV ETF suffered from a severe case of political headlines. On the one hand, there's still plenty of talk about overpriced prescription medication, raising worries about the reliability of future revenues. And on the other, the Affordable Care Act has been under fire again, and there are a lot of questions about what the future of healthcare in the United States even looks like at this point.All this is making things difficult for the XLV ETF. As Shriber put it, "Muddying the waters for stocks like UnitedHealth and funds such as IHF is talk among some analysts that although Wall Street does not expect Medicare For All to happen, investors should not expect a snapback rally in managed care stocks once it becomes apparent that single-payer healthcare will not take hold in the U.S." * 7 Breakout Stocks to Watch in 2019 A little stability could go a long way to helping this fund get back in the race again.Read more about the IHF ETF from Shriber here. iShares Mexico MSCI ETF (EWW)Investor: Ian Bezek Expense Ratio: 0.49% YTD Gains: 6%The iShares MSCI Mexico Capped ETF(NYSEARCA:EWW) may be lagging most of the field, and rumors of President Donald Trump perhaps closing the U.S./Mexico border could cause some serious pain, but investors should not despair just yet.There are some tailwinds that should help lift the EWW. As Bezek wrote, "Despite political rumors that drove Mexican shares down sharply last year, its government and the Trump administration continue fostering closer relations. Meanwhile, the Federal Reserve's easier monetary policy is likely to help boost all-important industrial production in Mexico."Can it catch up? We're only one quarter through 2019, and it's not like the fund is negative on the year. If politics don't hamstring it, a turnaround is completely possible for the EWW ETF.Read more about the EWW ETF from Bezek here. Financial Select Sector SPDR Fund (XLF)Investor: Dana Blankenhorn Expense Ratio: 0.13% YTD Gains: 8%The Financial Sector Spider ETF (NYSEARCA:XLF) hasn't had a resoundingly positive start to the year. All the fears about a yield inversion have investors skirting around bank stocks, and deflation and banking disruption certainly haven't helped."The weight of deflation on the global economy is increasing, not decreasing," wrote Blankenhorn. "This directly impacts banking as fintech replaces traditional banking functions. Technology is lowering the cost of processing transactions and of evaluating and servicing loans and insurance policies. Fintech companies are bidding to replace banks entirely." * 5 Cheap Small-Cap Stocks to Buy Banking stocks are not out of it yet, but the current climate is not too kind to them -- and those bank stocks make up over 40% of the fund's holdings.Read more about the XLF ETF from Blankenhorn here. iShares Emerging Markets ETF (IEMG)Investor: Jim Woods Expense Ratio: 0.14% YTD Gains: 10%This entry and the following one in the Best ETFs contest both focus on the same segment of the market -- emerging markets. And the iShares Core MSCI Emerging Markets ETF's (NYSEARCA:IEMG) Q1 gain was frustrating, but not terrible."That said," Woods wrote, "we must realize that Q1 performance in stocks was highly atypical, not just from a straight-up numbers standpoint, but also because the drivers that sent stocks soaring nearly across the board aren't likely to be duplicated during Q2."Even if earnings stay good for the rest of 2019, it's just going to be hard for stocks to continue making the sort of torrid gains during the rest of the year that they have in the first quarter. In the meantime, if the dollar's strength backs off, that will benefit companies in other countries.Read more about the IEMG ETF from Woods here. iShares MSCI Emerging Markets ETF (EEM)Investor: Readers' Choice Expense Ratio: 0.69% YTD Gains: 10%Given all the headwinds that the trade war between China and the United States has put on the iShares MSCI Emerging Markets ETF (NYSEARCA:EEM), it's not wholly surprising that it hasn't quite matched the performance of the SPY. However, given that those headwinds haven't yet KO-ed the EEM ETF, just imagine how well it could take off if those headwinds were to ease off.As I recently wrote, there are other positives on the horizon. "Second, MSCI has decided to increase the weighting of Chinese stocks among its indexes. While the goal of a 3.3% share of the indexes doesn't sound that big, remember that's four times the current level. And MSCI isn't the only one boosting investors' access to these securities: the Bloomberg Barclays Global Aggregate Index will also be including Chinese companies starting next month." * 5 Cannabis Stocks Set to Skyrocket -- According to Wall Street's Top Analysts It's not a leader yet, but the EEM ETF is hanging in there with the Best ETFs for 2019 front-runners so far.Read more about the EEM ETF here. iShares US Home Construction ETF (ITB)Investor: Vince Martin Expense Ratio: 0.43% YTD Gains: 18%As the United States economy continues cruising along, the iShares Dow Jones US Home Const. ETF (BATS:ITB), which focuses on home construction companies as the name implies, has been cruising as well. Not as well as the Best ETFs contest frontrunners, so far, but the year is still young.The factors that have led to ITB performing well so far this year, however, have maybe been a little surprising to some investors. As Martin put it, "The case for ITB was that even if new home sales stayed soft, a strong economy would lift renovation and remodeling spending. Yet it has been ITB's exposure to new construction, not R&R, that has driven a majority of its gains so far."So imagine how the ITB ETF could do if the remodeling and renovation dollars start flowing in as well. It has stayed within striking distance of the leaders, and a little boost may be all it needs.Read more about the ITB ETF from Martin here. Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ)Investor: Tom Taulli Expense Ratio: 0.68% YTD Gains: 20%The Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ) has been full of winners so far this year -- in fact, as of March 25, only two of the fund's 37 holdings were in the red for 2019 thus far. But the real attraction here is the long growth runway that lies ahead of the BOTZ ETF.According to Taulli, "When it comes to AI and robotics, I think there should be a long-term focus. The fact is that these industries are quite volatile and highly competitive, with huge players like Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), Microsoft (NASDAQ:MSFT) and Facebook (NASDAQ:FB)." * The Elite 8 Stocks to Buy for Massive Outperformance That means that investors should hold on tight because the 2019 ride could be bumpy. But the growth drivers that are powering the fund aren't going away, and the potential for big volatility also means the potential for big gains. The BOTZ ETF is going to be one to watch as the contest continues.Read more about the BOTZ ETF from Taulli here. Invesco Water Resources ETF (PHO)Source: Shutterstock Investor: James Brumley Expense Ratio: 0.62% YTD Gains: 21%Water is vital to our lives in a fundamental way, and the Powershares Water Resource Portfolio (NASDAQ:PHO) allows investors to invest in that -- and reap rewards of 20% in just three months.But while the first quarter results were great, what's even better is that it looks like they may be able to continue "The performance of the Powershares Water Resource Portfolio isn't the most compelling aspect of PHO stock here, however. It's that the fund's constituents have been so uniformly bullish of late after a couple clunkers took a big toll on last year's bottom line."As we move toward a world where the companies that the PHO ETF holds will be in greater and greater demand, hopefully it will see more and more growth through the rest of the Best ETFs of 2019 contest.Read more about the PHO ETF from Brumley here. Pacer Benchmark Data & Infrastructure Real Estate ETF (SRVR)Investor: Robert Waldo Expense Ratio: 0.6% YTD Gains: 21%After the first quarter, the Pacer Benchmark Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) has taken the top spot. It was a fight, but the tech sector -- and specifically, the growing tailwind of 5G's approach -- gave SRVR the edge.You probably know 5G as the next step in data speed. According to Waldo, "To get an idea of how fast 5G is compared to 4G LTE, consider that 4G LTE's top speed is 1GB per second, while 5G will have a top speed of 20 GB per second -- a 2,000% increase!"With our increasingly connected word, this boost in speed is going to change a lot in the coming years. But if you're not sold on all of the individual companies that are looking ahead to 5G, don't worry. The SRVR ETF isn't really a play on 5G in that way.As Waldo put it, "But as hype-worthy of a trend as 5G may be, that's not all that SRVR has going for it. In fact, part of my decision to pick this fund for our best ETFs contest was that it's a real estate investment trust (REIT) ETF. This means its holdings own data centers and fiber that are vital to the 5G rollout, but are also necessary for all of our current, general tech-related luxuries like the cloud." * 15 Stocks to Buy Leading the Financial Charge So SRVR took the top spot, and seems well positioned to try to defend it for the rest of 2019.Read more about the SRVR ETF from Waldo here.Jessica Loder is an assistant editor at InvestorPlace.com. As of this writing, she did not hold a position in any of the aforementioned securities.Compare Brokers The post 10 Best ETFs for 2019: A Close Race at the Front appeared first on InvestorPlace.