|Bid||0.00 x 3100|
|Ask||45.50 x 1200|
|Day's Range||43.28 - 44.75|
|52 Week Range||37.50 - 54.65|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.21|
|Expense Ratio (net)||0.47%|
The iShares MSCI Mexico Capped ETF (EWW) is up 5.12% year-to-date, but that is well off the pace being set by the MSCI Emerging Markets Index. New concerns about Mexico's tenuous grasp on an investment-grade sovereign credit rating could weigh on EWW and other Mexican assets. EWW seeks to track the investment results of the MSCI Mexico IMI 25/50 Index, which is a free float-adjusted market capitalization-weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the underlying index weight, and all issuers with a weight above 5% do not cumulatively exceed 50% of the underlying index weight.
Over the past week, the MSCI Mexico IMI 25/50 Index is stumbling and what is left of the index's 2019 gains is less than half the year-to-date returns of the MSCI Emerging Markets Index. Bond market woes ...
On Wednesday, U.S. President Donald Trump said the U.S. officially recognizes opposition leader Juan Guaido as the interim president of Venezuela after Guaido proclaimed himself president earlier in the day. The political chaos in Venezuela could have a major impact on the global oil market.
Plenty of emerging markets exchange traded funds have been dented by geopolitical volatility this year, including the iShares MSCI Mexico Capped ETF (EWW) . The election of Andres Manuel Lopez Obrador (AMLO) as Mexico's newest president was initially cheered by markets, but investors have recently expressed some pause about the new president's policies. EWW, the largest US-listed Mexico ETF by assets, is sporting a fourth-quarter loss of nearly 20% and is down almost 17% this year.
Lately the news has been so back and forth, so uncertain, that investors could be forgiven for being scared to make new stock picks. Luckily, our experts are here to help, with their exchange-traded fund picks for the Best ETFs for 2019 contest. Others looked overseas — there are two emerging markets and one Mexico ETF in this year’s contest.
Mexico exchange-traded funds (ETFs) gained on Tuesday after reports surfaced that U.S. President Donald Trump could be backing down from his initial $5 billion demand to fund a proposed U.S.-Mexico border wall to avoid a government shutdown. "We have other ways that we can get to that $5 billion that we'll work with Congress," said White House press secretary Sarah Huckabee Sanders. "We will work with Congress if they will make sure we get a bill passed that provides not just the funding for the wall, but there's a piece of legislation that's been pushed around that Democrats actually voted 26-5 out of committee that provides roughly $26 billion for border security including $1.6 billion for the wall," she said.
The Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) slid 15.40 percent, making it the third-worst performer among Direxion's suite of leveraged bullish ETFs. MEXX looks to deliver triple the daily returns of the MSCI Mexico IMI 25/50 Index (M1MX5IM). Newly elected President Andres Manuel Lopez Obrador, or AMLO as he is commonly called, was sworn into office last Saturday.
Andrés Manuel López Obrador was recently sworn in as Mexico's 58th president, but will the recent regime change result in a "Feliz Navidad" for the country as a whole and Mexico-focused exchange-traded funds (ETFs)? Early signs point to "yes" as President AMLO, his more familiar moniker, has taken early steps in the right direction. This stymied the momentum of Mexico-focused exchange-traded funds (ETFs) like the iShares MSCI Mexico Capped ETF (EWW) and Direxion Daily MSCI Mexico Bull 3X ShsETF (MEXX) --EWW gained as much as 3% on Monday's trading session, while MEXX rose as high as 9%.
As U.S.-Mexico border tensions escalate, the momentum of Mexico-focused exchange-traded funds (ETFs) like the iShares MSCI Mexico Capped ETF (EWW) and Direxion Daily MSCI Mexico Bull 3X ShsETF (MEXX) have become tenuous the past month as the country's newest president is set to take office. Andrés Manuel López Obrador, typically referred to as AMLO for short, will begin his six-year term as Mexico's new president on Saturday, December 1. AMLO will inherit a host of issues to fix, but as the country faces an influx of migrants from Central America who have congregated near the U.S.-Mexico border in Tijuana, this latest development has come to the forefront of his expansive task list.
Mexico's president-elect has yet to take office, but Andres Manuel Lopez Obrador already caused a stir with his proposals, igniting a sell-off of the iShares MSCI Mexico Capped ETF (EWW) . Obrador sparked controversy when his latest plans for his forthcoming presidency were deemed as damaging to Mexico's economy, causing Thursday's volatility in EWW. The exodus caused EWW to track below its 200-day moving average. Obrador's proposed moves include a push to limit the fees banks can charge customers as well as a decision to end a $13 billion airport project in Mexico City that already raised funds via overseas bonds.
Broadly speaking, emerging markets funds are getting slammed this year. The widely followed MSCI Emerging Markets Index, which serves as the benchmark for a slew of active and passive emerging markets funds, is down nearly 15% year-to-date.
As talks of trade war and other geopolitical factors have dominated headlines over the past several months, it has been natural for most North American investors focus their efforts on allocating capital domestically. In the paragraphs below, we'll take a look at the charts of three international exchange-traded funds (ETFs) that could be worth a closer look as we head into the final quarter of 2018. Despite the recent news that Swiss-based Novartis AG ( NVS) is laying off 2,000 employees, Switzerland is continuing its role as a hotbed for foreign investment, and on the chart of the iShares MSCI Switzerland Capped ETF ( EWL), the price has recently been able to close above the long-term resistance of its 200-day moving average.
Emerging markets equities and the corresponding exchange traded funds are slumping this year. Some Latin American economies are contributing to the trend. The The iShares Latin America 40 ETF (NYSE: ILF ...
In what has been a rough year for broader emerging markets benchmarks, exchange traded funds tracking Latin American markets are being repudiated. For example, the S&P Latin America 40 Index is down more than 12% year-to-date. Smaller, investable Latin American markets such as Argentina along regional giants Brazil and Mexico are tumbling.
“They (Canada) want to be part of the deal, and we gave until Friday and I think we’re probably on track. "We recognize that there is a possibility of getting there by Friday, but it is only a possibility, because it will hinge on whether or not there is ultimately a good deal for Canada," Trudeau announced in a press conference, according to CNBC.
U.S. stocks are hovering near record highs in what has become the longest bull market in history. The latest push upward has come after the U.S. and Mexico reached a breakthrough in trade negotiations, which may be joined by Canada soon. Mexico took second place in the list this week, bested only by emerging markets. Small-cap stocks generated traffic as they recently reached record highs. Amid a strong bull market, investor interest in gold, a safe haven, increased. The consumer discretionary sector closes the list. Check our previous trends edition here.
Following this week's trade pact between the U.S. and Mexico, the Trump Administration is aiming to arm-wrestle Canada to agree to more favorable trade terms in the U.S., particularly in matters of agriculture and dairy. President Trump has gone as far to say that he will drop the "NAFTA" name and name this week's agreement the "United States-Mexico Trade Agreement," potentially leaving Canada out in the cold. However, the deal still faces approval from Congress, which is likely to move forward only if Canada is brought on board as a trilateral agreement is paramount given the relevance across many industries, including agriculture, autos, manufacturing, steel and energy.
After President Donald Trump threatened to withdraw from the North American Free Trade Agreement, a modified deal between the U.S. and Mexico has been reached, Trump said in r emarks Monday in the Oval ...