|Bid||0.00 x 800|
|Ask||0.00 x 3200|
|Day's Range||40.10 - 41.67|
|52 Week Range||40.00 - 54.65|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.22|
|Expense Ratio (net)||0.47%|
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.
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.
It's getting harder to ignore the risk of contagion in emerging markets that many investors have been pushing aside, even as conditions in Argentina and Turkey have worsened. The news out of emerging markets this week has been decidedly glum. South Africa unexpectedly dipped into recession in the second quarter, with weak growth exacerbating continued jitters about the rand and raising the risk of a credit downgrade.
“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.
You might have expected Mexican securities to skyrocket on the Aug. 27 news that the North American Free Trade Agreement will live on. Whatever President Donald Trump wants to call the new arrangement, and despite a few tweaks on auto content and wages, the outcome was a triumph for the southern neighbor. In fact, Mexican markets dipped.
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 ...
President Donald Trump announced Monday that his administration had reached a preliminary bilateral deal with Mexico that could pave the way for a potential revamp of the North American Free Trade Agreement. But the tentative accord hasn't done much to move either Mexican stocks or the Mexican peso (U.S. indexes were up on the news). The iShares MSCI Mexico ETF (EWW) was up 2.9% to $52.67 late on Monday morning, and the peso had strengthened modestly against the dollar — though it was still weaker compared to where it started the year. Win Thin, an emerging markets currency strategist at BBH, said talk of a deal has already been priced in.
Mexico-focused ETFs gained on news that the United States and Mexico have officially struck a deal, effectively revamping the current North American Free Trade Agreement. The iShares MSCI Mexico Capped ...
Mexico's markets strengthened after the elections, but the momentum in the country-specific ETF stalled as economic activity weakened over the second quarter. The iShares MSCI Mexico Capped ETF (EWW) , the largest exchange traded fund dedicated to Mexican equities, was stuck within range in recent weeks, rising 0.5% over the month. The International Monetary Fund last month cut its forecast for the emerging Latin country’s 2019 growth, pointing to trade tensions, uncertainty over the North American Free Trade Agreement and the new president's agenda.
Per a Politico report, the United States and Mexico are finalizing a deal on the automotive rules of origin section as part of an effort to revamp the North American Free Trade Agreement. This would mark a significant step forward in renegotiating NAFTA as the autos deal has been one of the primary points of contention in getting a deal done. Mexican Economy Secretary Ildefonso Guajardo is set to meet with U.S. Trade Representative Robert Lighthizer in Washington on Thursday for another round of ministerial meetings running through Friday, reports Politico.
Trade wars, especially between the United States and China, have not only wreaked havoc on economic superpowers, but emerging markets have also received a brunt of the punishment with ETFs like Vanguard ...
According to a Markit Economics report, Mexico’s (EWW) manufacturing activity rose significantly in June. Its Manufacturing PMI was 52.1 in June compared to 51 in May. It beat the market expectation of 52. Employment in the manufacturing sector rose more sharply in June.
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 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 ...