|Bid||0.00 x 800|
|Ask||0.00 x 2200|
|Day's Range||49.89 - 50.40|
|52 Week Range||43.55 - 57.82|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.49%|
While the emerging markets have been languishing in a risk-off environment fueled by trade war concerns, the Mexico country-specific ETF has been enjoying a strong run. Over the past month, the iShares MSCI Mexico Capped ETF (EWW) , the largest exchange traded fund dedicated to Mexican equities, increased 13.5%, compared to the 3.3% decline in the MSCI Emerging Market Index. Ever since the run up to the elections in Mexico City that led to leftist candidate Andres Manuel Lopez Obrador, known as AMLO, winning the presidency, Mexican equities have been rallying.
The global synchronous economic recovery that powered markets higher seems to be falling apart amid an escalation of trade tensions and discord among allies, causing international markets to tumble. Take Japan. While the S&P 500 has gained 4.5% so far this year, Japan's Topix index has dropped 5.6%.
The iShares MSCI Mexico Capped ETF (NYSEArca: EWW), an ETF that tracks the investment results of the MSCI Mexico IMI 25/50 Index and is the largest Mexico-focused ETF based on assets, is up 0.23 percent ...
Mexico, Latin America’s second-largest economy behind Brazil, recently held national elections with controversial leftist candidate Andrés Manuel López Obrador (AMLO) emerging as the country’s next president. ...
The S&P 500 is down 0.8 percent in the past month amid a stream of negative international trade headlines. It seems there’s a new tariff being threatened or applied on a weekly basis. For investors who ...
Investors are digesting the win by leftist Andrés Manuel López Obrador in Mexico’s presidential election, trying to assess what could be next for Mexico’s economy and its relationship with the U.S.
The Mexico country-specific ETF has been gaining momentum in recent weeks, but quickly tumbled Monday after leftist presidential candidate Andres Manuel Lopez Obrador beat his competition while his allies picked up the majority of congressional seats. The iShares MSCI Mexico Capped ETF (EWW) , the largest exchange traded fund dedicated to Mexican equities, increased 6.9% over the past month but plunged 2.4% Monday. Andres Manuel Lopez Obrador, or better known by his initials AMLO, garnered over 50% of the vote in an election held Sunday, compared to his closest rivals' 23% and 15% of the total, respectively, CNBC reports.
This column provides a daily update on key presidential actions as well as comments, whether spoken aloud or on Twitter, by President Trump. President Donald Trump on Monday interviewed four potential Supreme Court nominees, as he talked trade and border security with Mexico’s president-elect and held a White House meeting with the prime minister of the Netherlands. Trump told reporters he met with four candidates to fill the Supreme Court seat being vacated by retiring Justice Anthony Kennedy, and said he plans to meet with two or three more.
Mexico headed to the polls to elect a new president on Sunday and chose Andrés Manuel López Obrador, the left-wing candidate who cruised easily to victory.
Sunday’s presidential election will give Mexico a new leader, and with unorthodox candidate Andrés Manuel López Obrador leading in the polls, market participants are preparing for what his administration could mean for Mexican assets and Nafta.
Heading into 2018, it was widely expected that emerging markets central banks would hold off on raising interest rates. Mexico was seen as the exception. Although Mexico is an export-driven economy, the declining peso has been of no assistance to Mexican equities this year.
Investors focusing on U.S. equities can draw the conclusion that, between the White House's tariff efforts and the November midterm elections, there is some political risk with domestic stocks. Consider Mexico. As of June 25, the iShares MSCI Mexico ETF (NYSE: EWW) was sporting a year-to-date loss of 6.45 percent.
According to a report provided by Markit Economics, Mexico’s (EWW) manufacturing activity has been falling gradually since March. Its manufacturing PMI (purchasing managers’ index) stood at 51.0 in May as compared to 51.6 in April. The PMI figure didn’t meet the market expectation of 51.5.
Stocks in Mexico, Latin America's second-largest economy, are struggling. The iShares MSCI Mexico Capped ETF (EWW) , the largest exchange traded fund dedicated to Mexican equities, is lower by more than 8% this year compared to a year-to-date loss of less than 1% for the MSCI Emerging Markets Index. Rising political volatility ahead of Mexico's national election next month and lingering concerns about the fate of the North American Free Trade Agreement (NAFTA) are among the factors hindering EWW and Mexican stocks.
Investors sour on Mexico's markets and country-related exchange traded fund as political risk mounts. The iShares MSCI Mexico Capped ETF (EWW) , the largest exchange traded fund dedicated to Mexican equities, declined 13.4% over the past month, its largest monthly loss since September 2011. Scaring off investors, there is a chance of a landslide victory for Mexico's far-left presidential candidate, Andres Manuel Lopez Obrador, in the upcoming election on July 1, CNBC reports.
Mexico's benchmark stock index, the S&P/BMV IPC, plummeted 7.6 percent in May, marking its biggest one-month decline since February 2009. The move lower in Mexican stocks comes as Lopez Obrador, better known as AMLO, extended his lead over his opponents last month. The chances of a landslide victory for Mexico's far-left presidential candidate, Andres Manuel Lopez Obrador, are growing and that is scaring investors.
Let's have a look at some ETFs that are poised to benefit from global trade war fears and some that are likely to be affected.
The U.S. made friends with metalworkers Thursday, but not with anyone else. In a move terminating temporary exemptions, Commerce Secretary Wilbur Ross announced the U.S. will enforce 25-percent steel and 10-percent aluminum import tariffs on Canada, Mexico and the European Union beginning Friday, putting its friends and neighbors on the same plane as all other U.S. trading partners. The European Union reacted swiftly with threats of retaliation.
International investors have jettisoned their holdings of emerging market stocks and bonds of late but some analysts and money managers are betting that EM could be poised for a comeback. Yahoo Finance’s Seana Smith, Dion Rabouin and Rick Newman discuss.