52.48 0.00 (0.00%)
After hours: 5:00PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||52.35 - 53.08|
|52 Week Range||41.85 - 57.82|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.49%|
It doesn't seem like the best time to own Mexican stocks. There's the risk that Nafta falls apart completely, that left-leaning Andrés Manuel López Obrador, who is ahead in the polls, wins July's upcoming presidential election, and that inflationary pressures pushes the central bank to raise rates further, slowing an already sluggish economy. Despite Mexico facing more than a few challenges, Barclays strategists see an opportunity, with 10% median gains for Mexican stocks broadly--and more for its top picks.
Shares of companies and ETFs that benefited under NAFTA are falling after a report that President Trump could announce an exit.
Global stocks had a great 2017, but the gains last year have contributed to a situation where nearly every country on earth has an equity market that looks expensive.
In November 2017, Mexico’s (EWW) manufacturing activity rose after falling sharply in October 2017. Its manufacturing PMI (purchasing managers’ index) rose to 52.4 in November from 49.2 in October, according ...
Emerging market stocks have outpaced their developed market peers by about 10 percentage points this year, as the iShares MSCI Emerging Markets exchange-traded fund (EEM) has rallied 32% this year to the SPDR S&P 500 ETF's (SPY) 20% rise. In a recent report, Lapthorne notes that the weak dollar is the source of emerging markets' outperformance and says the trend is becoming to look tired. Much of the recent weakness has come from a sell-off in companies with the poorest balance sheets, which had been big winners for much of the year. "This is hardly a disaster yet, but with balance sheet related problems and events becoming more common across the newswires, this is certainly one to watch, as stronger (or indeed no longer falling) US dollar and Emerging Market debt problems often go hand in hand," the Lapthorne writes.
The iShares MSCI Mexico Capped ETF (NYSEArca: EWW), the largest ETF dedicated to Mexican equities, is lower by about 4.6% over the past month and negotiations surrounding the North American Free Trade ...
It may be time for Brazil’s currency to strengthen and as fears mount for the Mexican peso. The Brazilian real (BRL) has been under pressure, but that could change as the economy improves and investors return. At the same time, the Mexican peso (MXN) could weaken as North American Free Trade Agreement trade talks resume, says emerging markets foreign currency strategist Kiran Kowshik with UniCredit Bank in London.
The iShares MSCI Mexico Capped ETF (NYSEArca: EWW), the largest ETF dedicated to Mexican equities, is slumping. Down about 8% over the past month, the ETF is now up 14% this year, meaning its year-to-date ...
Mexico will be in trouble if Trump pulls the plug on this decades-old trade arrangement between the three, interlocked North American economies.
Leading up to and immediately following the 2016 U.S. presidential election, the iShares MSCI Mexico Capped ETF (NYSE: EWW ) was one of the worst-performing emerging markets single-country exchange-traded ...
It seems no part of the ETF marketplace is safe from the downward pressure perpetually pushing fees lower and lower.
Emerging market equities are taking a breather this week as investors watch BRICS' central bank actions, study the Chinese Communist Party's week-long gathering and listen to rumblings from U.S. Secretary of State Rex Tillerson's Middle East meetings. The iShares MSCI Emerging Markets exchange-traded fund (EEM), with a rise of more than 31% this year, is off by 0.7% this week while the Vanguard FTSE Emerging Markets ETF (VWO), up nearly 25% this year, has slipped 0.6% this week. Stocks in Asia are faring a little better, with the VanEck Vectors Vietnam ETF (VNM) hitting a 52-week high today, and shares in Thailand and South Korea also moving higher.
The iShares MSCI Mexico Capped exchange-traded fund (EWW) has been on a tear for most of the year, hitting a 52-week high of $57.82 late August. The $1.2 billion ETF is down nearly one percentage point so far Monday as discussions of the North American Free Trade Agreement have taken a turn for the worse with President Donald Trump suggesting he could do away with the trade deal entirely. JPMorgan equity derivatives strategist Shawn Quigg says that between the "approaching confluence of potentially highly negative events" for Mexico stocks and how cheap volatility is, investors should consider buying EWW Jan 2018 51 strike puts for $1.70.
Mexico's (EWW) manufacturing PMI (Purchasing Managers' Index) stood at 52.8 in September compared to 52.2 in August, according to the IHS Markit report.
July 2018 will be here before you know it, and if the polls are right, Mexico is about to elect their anti-Trump.
CNBC's Dominic Chu reports that ETFs tracking Canada and Mexico are falling after reports that President Trump is expected to announce a withdrawal from the North American Free Trade Agreement.