|Day's Range||57.17 - 57.46|
|52 Week Range||41.23 - 57.57|
|PE Ratio (TTM)||-21.65|
|Expense Ratio (net)||0.48%|
Active managers apparently do very well in Latin America. Based on available data, four out of the top five actively-managed funds beat the MSCI LatAm index -- albeit marginally -- over the last 15 years minus fees, according to a recent UBS report. Assets in Latin American stocks have risen, but are well below their 2010 peak.
The U.S.-traded shares of Mexican telecom America Movil (AMX) were up 1% in early trading after quarterly profit got a big boost from the stronger peso. America Movil late Tuesday reported net profit of 14.3 billion Mexican pesos ($818 million), for the fiscal quarter ended in June, compared with 7.7 billion pesos in the same quarter one year ago. Revenue rose 6.9% to 249.4 billion pesos.
The iShares MSCI Mexico Capped exchange-traded fund (EWW) was trading at a new 52-week high Tuesday after U.S. Nafta objectives released Monday pointed to a negotiated re-draft with limited risks. The ETF is up 0.4% this week, mirroring the strength in the Mexican peso against the U.S. dollar. U.S. Trade Representative Robert Lighthizer on Monday released legally-mandated objectives for the renegotiation of the North American Free Trade Agreement.