|Bid||14.79 x 1100|
|Ask||19.67 x 800|
|Day's Range||18.17 - 18.69|
|52 Week Range||14.27 - 28.99|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.53|
|Expense Ratio (net)||1.33%|
Political unrest ensued in Mexico as the unexpected resignation of Mexico’s Minister of Finance Carlos Urzúa had its toll on Mexican assets following the news. Mexico President Andrés Manuel Lopez Obrador ...
The Dow Jones Industrial Average closed almost 300 points higher on hopes that U.S. President Donald Trump will delay tariffs on Mexico as both sides try to hash out their differences on immigration issues. This could put certain Latin American exchange-traded funds in play for traders looking for a side to play on this latest news. After a deal with China went under, the Trump administration turned their attention to Mexico in the latest tariff wars by announcing a 5 percent tariff on all Mexican imports, which will begin on June 10.
While the majority of May was focused on the U.S.-China trade war, June brings a new opponent to the tariff-for-tariff battle in Mexico, and this paves the way for Mexico-specific and Latin America-focused exchange-traded funds (ETFs) in play. U.S. President Donald Trump turned his attention to Mexico in the latest tariff wars by announcing a 5 percent tariff on all Mexican imports, which will begin on June 10. The move came as Trump urged Mexico to “reduce or eliminate the number of illegal aliens” entering the U.S.
The U.S.-China trade impasse paved the way for discounts in a lot of U.S. equities, but it also put the red tag sale in the emerging markets (EM) space. One corner of EM that investors may not have considered ...
In May, the S&P Latin America 40 Index, a widely followed gauge of stocks in Latin America's largest economies, has been slightly better off than the MSCI Emerging Markets Index. LBJ attempts to deliver triple the daily returns of the S&P Latin America 40 Index.
We have highlighted six leveraged ETFs that have piled up exceptional returns in the first month of 2019 given that Wall Street made a sharp turnaround, posting the best month in many decades.
We have highlighted nine ETFs that have piled up exceptional returns to start 2019 and will continue to be investors' darlings provided the sentiments remain the same.
Heading into 2019, there was no shortage of market observers calling for a rebound in emerging markets stocks. After tumbling in 2018, the MSCI Emerging Markets Index is obliging bulls to start 2019 with ...
Saturday marks the inauguration for Mexico's newest president as Andrés Manuel López Obrador will take office and his policies, as he gets into the thick of his presidency, will weigh heavily on the Direxion Daily Latin America Bull 3X ETF (LBJ) . LBJ seeks daily investment results equal to 300% of the daily performance of the S&P Latin America 40 Index. The index itself is a float-adjusted market capitalization weighted equity index of issuers drawn from five major Latin American markets: Brazil, Chile, Columbia, Mexico, and Perú.
Emerging markets have been turned inside out this year after a spectacular run in 2017, but before an investor looks to dive into the deeply-discounted EM space after Wednesday’s 800-point drop in the Dow Jones Industrial Average, he or she must be still selective and exercise due diligence. Simply selecting a country-specific ETF in emerging markets without the proper research could be akin to catching a falling knife and as such, investors must use caution. While it may be enticing to see the red and buy into the dip, instabilities in certain countries’ financial systems could still leave these markets depressed, and as such, investors should shy away from these parts of the world.
The Latin America-focused Direxion Daily Latin America Bull 3X ETF (LBJ) closed Monday’s trading session up 12.65% thanks to the first round of Brazil’s presidential election, which saw far-right presidential candidate Jair Bolsonaro take the early lead. It was a much-needed boost for LBJ, which has been down over 30% year-to-date, but up 14.17% the past three years. LBJ was hinging upon Brazil's looming presidential election and it responded positively along with the surging Direxion Daily MSCI Brazil Bull 3X ETF (BRZU) , which was up 20.4% by the closing bell.
The U.S. capital markets gained Monday on news that the United States and Canada reached an agreement to revamp the North American Free Trade Agreement, which would be supplanted by the United States-Mexico-Canada Agreement. The Latin America-focused Direxion Daily Latin America Bull 3X ETF (LBJ) is up 9.21% today and 32.5% the past month. “The modernization of the trade deal between Mexico, Canada and the United States concludes 13 months of negotiations and achieves what we proposed at the start: a win-win-win deal,” Pena Nieto said on a Twitter post.