|Bid||45.67 x 1800|
|Ask||45.85 x 900|
|Day's Range||45.24 - 45.93|
|52 Week Range||37.86 - 47.42|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||10.69%|
|Beta (5Y Monthly)||1.14|
|Expense Ratio (net)||0.47%|
The iShares MSCI Mexico Capped ETF (EWW) , the largest US-listed ETF dedicated to Mexican equities, is up just 4.42% this year, less than half the returns offered by the MSCI Emerging Markets Index and political volatility is one reason why Mexican stocks are lagging. 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. While AMLO was hailed as a champion of the people and wasn't seen as a major threat to Mexico's financial markets, global investors remain divided over his ability to steer Latin America's second-largest economy.
Below is a look at ETFs that currently offer attractive buying opportunities. The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term 'buy on the dip' opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
Mexico has enjoyed low U.S. interest rates, firming oil prices, and firms flocking to shift production there. But GDP is flat, and President Andrés Manuel López Obradorkeeps keeps shooting himself in the foot.
One of the challenges that keeps investors from diving headfirst into emerging markets (EM) is the need for more diversification, particularly when it comes to single country-focused equities like in the case of exchange-traded funds (ETFs) targeting Mexico. However, global index provider FTSE Russell developed an index, the FTSE BIVA index, that adds more diversification via small-caps and real estate investments trusts (REITs).
One of the challenges that keeps investors from diving head first into emerging markets (EM) is the need for more diversification, particularly when it comes to single country-focused equities like in ...
Banco de Mexico cut rates by 25 basis points to 8% earlier this month for its first rate pare in five years, but at that 8%, there's still plenty of room reductions even as some other Latin American economies balk at the idea of lower borrowing costs. “With Mexico’s key interest rate at 8%, Banco de Mexico has room to relax monetary policy without completely unwinding its restrictive stance, Jonathan Heath said Tuesday in a presentation in Mexico City,” according to Bloomberg. Lopez Obrador, also known as AMLO, swept to power last year on a populist wave, but there has been some buyers' remorse among voters in Mexico as the economy has languished under the new president, putting a burden on the central bank to act quickly to reduce borrowing costs.
The iShares MSCI Mexico ETF (NYSE: EWW) is up just 2.65% year to date, well below the returns of the MSCI Emerging Markets Index and the S&P 500. As has been noted, stocks in Mexico are scuffling and some global monetary groups are reducing economic growth forecasts there. President Andres Manuel Lopez Obrador, often referred to as AMLO, believes his country's benchmark lending rate of 8.25% is too high for an economy that's stuck in neutral.
This year, the MSCI Mexico IMI 25/50 Index (M1MX5IM) has been dismal compared to the MSCI Emerging Markets. Making matters worse for Mexico equity bulls is the fact that the MSCI Mexico IMI 25/50 Index has been deteriorating. Just this month, that gauge is lower by 5.10%, putting pressure on exchange-traded funds, such as the Direxion Daily MSCI Mexico Bull 3X Shares (NYSE: MEXX).
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 ...
If you're interested in investing in several stocks related to a specific theme or thesis about where the market is headed but don't have the time to cherry-pick stocks and pile them into a unique portfolio yourself, then exchange-traded funds offer an ideal solution. Each ETF follows a grouping of stocks related to a specific concept, and, therefore, removes much of the pressure from investors to make superb tactical decisions.That's not to say, however, that all ETFs are created equal. And here at InvestorPlace, we had several of our experts choose what they think might be the best ETFs for 2019.So far, the race for first place in InvestorPlace's Best ETFs of 2019 contest has been fairly tight with three core themes battling it out for supremacy: Vince Martin's home construction play, James Brumley's water focused fund and my own 5G real estate pick have all been at the top of the heap for most of the first half of 2019. On the other hand, some of the other themes, such as emerging markets, have had a much more difficult time rising to the top thanks to trade war headlines and other concerns.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut whatever the case may be, there's still plenty of time for any of the downtrodden ETFs on this list to make it to the top and there's always a chance that one of the main contenders could see a dramatic fall by the end of 2019. * 10 Best Stocks for 2019: A Volatile First Half With all of that said, here are InvestorPlace's best ETFs of 2019, in ascending order of year-to-date gains through the end of June. iShares U.S. Healthcare Providers ETF (IHF)Investor: Todd Shriber Expense Ratio: 0.43%, or $43 annually per $10,000 invested Year-to-Date Gains Through Q2: 3%Todd Shriber based his pick for the contest, the iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF), on the idea that the healthcare sector would continue its 2018 bullishness -- it was the S&P 500's highest performing sector last year. And while the thesis behind his selection was sound, the perceived political boost it would get this year from a Democrat-dominated House of Representatives has actually turned into a roadblock.In Shriber's words, "the fact that so many of the Democrat contenders for that party's 2020 presidential nomination favor Medicare For All has been a significant drag on IHF." A big part of this drag on IHF has to do with UnitedHealth (NYSE:UNH), which is one of IHF's largest holding allocations: "The impact of Medicare For All speculation has been palpable, particularly for UnitedHealth," Shriber wrote.While the case for IHF isn't closed completely yet, Shriber recommends monitoring the action in UNH as an indicator for where the fund might go in the near term.Read more about the IHF ETF from Shriber here. iShares Mexico MSCI ETF (EWW)Investor: Ian Bezek Expense Ratio: 0.47% YTD Gains: 5%The primary idea behind Ian Bezek's selection for the contest -- the iShares MSCI Mexico Capped ETF(NYSEARCA:EWW) -- is that while Mexican stocks took a hit in 2018, as trade relations between the U.S. and Mexico improve, so too will the stocks, which comprise EWW's holdings.And so far, things have indeed begun to cheer up for this Mexican stocks ETF. "With the tariff issue out of the way, the skies are looking brighter for Mexico-U.S. relations, and thus EWW, for the second half of 2019," Bezek wrote. "[I]nvestors in EWW and other Mexican assets should be reassured to know that … [d]espite the change in government, which led to a great deal of concern last year, economic numbers have been acceptable." * 10 Stocks to Buy on College Students' Radars While Bezek asserts that the road to the top won't be easy (if at all possible), he's confident that there is still some upside potential left in EWW and Mexican stocks this year … along with the inevitable possibility for continued volatility.Read more about the EWW ETF from Bezek here. iShares Emerging Markets ETF (IEMG)Investor: Jim Woods Expense Ratio: 0.14% YTD Gains: 9%Although Jim Woods' pick, the iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG), had a rough run at the start of 2019 amid trade war headlines and other economic concerns, there is still some hope left for the emerging markets fund.As Woods points out: "[W]ith the trade situation now back in "truce" mode, and with the Fed now likely to begin rate cuts that should bring down the value of the dollar vs. rival foreign currencies, we could be looking at an extension of the June gains for emerging markets."Woods is confident that although IEMG still retains its unavoidable speculative tune -- all emerging markets themes are prone to unpredictability and volatility -- there are strong signs that the ETF could make a run for the top place at the end of this year if trade conditions between the U.S. and China continue to improve.Read more about the IEMG ETF from Woods here. iShares MSCI Emerging Markets ETF (EEM)Investor: Readers' Choice Expense Ratio: 0.67% YTD Gains: 10%Next up is our Reader's Choice for the best ETF of 2019: iShares MSCI Emerging Markets ETF (NYSEARCA:EEM). Somewhat similar to Woods' IEMG selection, the primary thesis behind this pick was likely the easing of tensions between China and the U.S. The relationship between the two countries got uglier in 2018, which sent many Chinese stocks down the gutter, along with the general stalling of the Chinese economy.Although "trade negotiations between the two nations [have been] constantly ping-ponging from seemingly positive to negative throughout the first half of 2019," the longer-term case behind EEM still holds weight. Given that "29% of the ETF's portfolio is comprised of Chinese stocks, with the remaining big-time allocations based in South Korea (12%), Taiwan (11.7%) and India (9.4%)" it's possible that if the trade war comes to an end or, at the very least, if the dynamic between the U.S. and China improves, then EEM could start to rise even higher. * 7 Retail Stocks to Buy for the Second Half of 2019 While it's too soon to determine if it can make a strong comeback this year, EEM still might be a solid choice for investors with a longer-term perspective.Read more about the EEM ETF here. Best ETFs for 2019: SPDR Gold Trust (GLD)Investor: Kent Thune Expense Ratio: 0.40% YTD Gains: 10%Originally at the No. 10 spot to end Q1, Kent Thune's pick, the SPDR Gold Trust (NYSEARCA:GLD), has managed to make solid progress at the half way mark of 2019. Now in the No. 6 spot, Thune expects GLD to continue its success as the year comes to an end."In the first half of 2019, investors were rewarded for taking market risk. But the second half could be a completely different story," Thune wrote. "If Q2 2019 is any indication, gold has the momentum as GLD was up 9% and the SPDR S&P 500 (NYSEARCA:SPY) was up 3% for the quarter, coming into the final week of June."As Thune explains, investors are demonstrating general positivity in the markets, while gold hoarders see things differently, making both gold and stocks seem strong right now. But given that gold is considered a reliable safe haven in difficult times, we can expect the GLD ETF to rise higher if markets do indeed take an ugly turn at the end of the year.Read more about the GLD ETF from Thune here. Financial Select Sector SPDR Fund (XLF)Investor: Dana Blankenhorn Expense Ratio: 0.13% YTD Gains: 16%So far this year, the Financial Sector Spider ETF (NYSEARCA:XLF) -- Dana Blankenhorn's pick for the best ETFs of 2019 contest -- has been a solid performer. While the bank ETF might not have made it to the No. 1 spot yet, Blankenhorn is content with the fund's success so far and expects more good things to come as the year goes by."Hope for a comeback lies in consolidation," Blankenhorn wrote. "It all comes down to a new sobering reality. Banks are about to become the new stock market casino. But casinos make good money." * The 7 Best Long-Term Stocks to Buy for 2019 and Beyond While Blankenhorn acknowledges that some bank stocks face growing pains as they struggle to come to terms with general developments in technology and the new ways we spend/handle money, a part of this necessary growth will be acquisitions, which in turn, will lead to speculation of more takeovers. As such, Blankenhorn believes it's only a matter of time before the growing hype in bank stocks will make XLF owners a lot more money.Read more about the XLF ETF from Blankenhorn here. Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ)Investor: Tom Taulli Expense Ratio: 0.68% YTD Gains: 24%The ride for the Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ) -- Tom Taulli's selection for best ETF in 2019 -- hasn't gone as smooth as anticipated. But regardless of a few roadblocks, the AI/Robotics ETF is still up more than 20% YTD and the high-tech theme still holds plenty of long-term promise.While pointing out some of the headwinds BOTZ has faced this year, such as "disrupted global supply chains" thanks to the trade war between China and the U.S. and increasing challenges in "introducing new products," Taulli maintains that he's still optimistic about BOTZ."I'm still bullish on AI/Robotics. These technologies are likely to lead to leaps in progress across many industries. For example, IDC predicts that spending on AI will jump from $24 billion in 2018 to $77.6 billion by 2022 and the spending on robotics/drones will go from $115.7 billion to $210.3 billion," he wrote. "[W]hile the BOTZ ETF might not win the best ETFs competition, I still wouldn't call it a complete loser despite its disappointments."Read more about the BOTZ ETF from Taulli here. Invesco Water Resources ETF (PHO)Source: Shutterstock Investor: James Brumley Expense Ratio: 0.62% YTD Gains: 26%According to James Brumley, water is "the trade no one saw coming."So far, his pick, the Invesco Water Resources ETF (NASDAQ:PHO), has been a top performer among the other ETFs in this contest. Up 26% since the end of June, the concept behind this fund is that as America strives to improve its water infrastructure amid a constant decrease in water quality, its holdings will see a boost.In Brumley's words: "Some the country's biggest and most-established cities … are running out of water as natural, treatable sources of it are literally and figuratively drying up," which has led to an estimated $1 trillion worth needed to help solve the problem over the next couple of decades. And many of PHO's holdings will be the companies that "are well-positioned to capture more than their fair share of that spending." * 10 Best Stocks for 2019: A Volatile First Half Although it took some time for PHO to start flowing well into the green (Brumley picked PHO for last year's best ETFs contest but it didn't win), it now has a clear shot to be one of the best ETFs to buy this year. And in Brumley's assessment, the "the ebbs [in PHO] are hurting a little less than they do the broad market, and the flows are helping a little more."Read more about the PHO ETF from Brumley here. Pacer Benchmark Data & Infrastructure Real Estate ETF (SRVR)Investor: Robert Waldo Expense Ratio: 0.60% YTD Gains: 27%My pick for InvestorPlace's ETF contest, the Pacer Benchmark Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR), has consistently been at the top this year, and I expect it to continue this success.While I don't necessarily see another 30% or so increase in the books over the next six months for SRVR, I still think the 5G infrastructure ETF has plenty of remaining strength to help it take the throne. As I pointed out recently, SRVR is "a real-estate play on the 5G catalyst with holdings that will mostly succeed over the long-term, even without the inevitable 5G boost."It can continue to run higher based on the roll out of 5G, but many of its holdings are also needed to help our technologically advanced world operate efficiently. And that's precisely why I think it has what it takes to come out on top this year: "It's a win-win scenario at a time when we are facing countless uncertainties."Read more about the SRVR ETF here. iShares US Home Construction ETF (ITB)Investor: Vince Martin Expense Ratio: 0.43% YTD Gains: 27%At the midpoint of 2019, Vince Martin's choice of iShares Dow Jones US Home Const. ETF (BATS:ITB) has taken the No. 1 spot, still neck and neck with the SRVR ETF. His choice of the home construction ETF was based on the fact that housing stocks took a massive hit in 2018, despite the headline buzz not justifying the devastating investor reaction.Although Martin doesn't anticipate that ITB can run significantly higher this year, and he cites several challenges bearing down on the home-building space now, he still believes there's reason to be bullish: "With some help from lower interest rates, which would lower mortgage costs, and economic strength, it could re-take … [its 2018] highs, suggesting another 20% or so in upside."While the end-year success of Thune's pick in GLD relies heavily on market conditions worsening, much of the enduring strength of Martin's ITB relies on the continuation of a healthy U.S. economy. * 7 Retail Stocks to Buy for the Second Half of 2019 Ultimately, a clearer victor might be in sight as we reach the end of this quarter, but for now, ITB is still holding strong as one of the best ETFs in 2019.Read more about the ITB ETF from Martin here.Robert Waldo is a Web Editor at InvestorPlace. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Shining Silver and Gold Stocks to Buy Right Now * 10 Best S&P 500 Stocks to Buy For the Rest of 2019 * The 7 Best Acquisitions of 2019 The post 10 Best ETFs for 2019: The Race for 1 Intensifies appeared first on InvestorPlace.
The iShares MSCI Mexico Capped ETF (EWW) is up about 2.20% over the past month after the U.S. recently decided to not levy tariffs against one of its largest trading partners. Many previously feared that the escalation in the trade war with our southern neighbor would drag on growth and even send Mexico’s economy into a recession. Last month, President Trump took to Twitter to say that if Mexico agreed to up purchases of agriculture commodities from U.S. farmers, the tariffs could be averted.
The Mexico country-specific ETF was among the standout performers on Monday after President Donald Trump announced he will drop further plans for tariffs on Mexican goods. The iShares MSCI Mexico Capped ETF (EWW) increased 2.7% on Monday and was testing both its short- and long-term resistance at the 50- and 200-day simple moving averages, respectively. “The news of the deal with Mexico is likely to power global equities higher,” Ben Emons, managing director for global macro strategy at Medley Global Advisors, told Bloomberg.
The iShares MSCI Mexico Capped ETF (EWW) , the largest US-listed exchange traded fund dedicated to stocks in Mexico, rallied Monday after the U.S. and Mexico backed away from a possible trade war. It's up 3.16% as of 12:48 pm EDT, trading at $44.94. Last week, President Trump took to Twitter to say that if Mexico agreed to up purchases of agriculture commodities from U.S. farmers, the tariffs could be averted. Trump originally floated the idea of tariffs on Mexico if the country did not step up to help with the immigration crisis.
China is "getting absolutely decimated" by global companies because they "don't want to pay the tariffs," Trump said. Meanwhile, the U.S. reached an agreement with Mexico's government over the weekend that could avoid new tariffs on Mexican goods.
President Donald Trump said last week that he’d place 5-percent tariffs on Mexican goods until Mexico stopped the flow of migrants across the border. Bloomberg and The Washington Post reported Thursday that talks between Mexican and U.S. officials are underway on the issue, and Mexico is pushing for additional time. Trump has said the tariffs could escalate to as high as 25 percent.
It is easy to think that the ill effects of the trade war between the U.S. and China are limited to those countries. After all, the S&P 500 fell 5.67% in May while the MSCI China Index was more than twice as bad, plunging 12.74% last month.Unfortunately for investors considering international equities and exchange-traded funds (ETFs), the White House is not limiting its tariff efforts to China. Last month, the White House boosted tariffs on $200 billion worth of Chinese goods to 25% from 10%, but that is not the end of the U.S. tariff list.Rather, the President Donald Trump Administration is targeting other countries with tariffs, including some major developing economies -- explaining in large part why the MSCI Emerging Markets Index fell 6.63% in May.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best Stocks for 2019 -- So Far For investors looking to steer clear of tariff-related controversy, these might be some of the international ETFs to avoid over the near-term. ETFs to Avoid: iShares MSCI Mexico ETF (EWW)Expense Ratio: 0.47% per year, or $47 on a $10,000 investment.One of the primary reasons stocks plunged in the final trading session of May was news that the White House is targeting Mexico, the largest trading partner of the U.S., with a slew of fresh tariffs. That sent the iShares MSCI Mexico ETF (NYSEARCA:EWW) lower by 3.6% on volume that was more than double the daily average. That was this international ETF's worst one-day performance in six months.On a standalone basis, tariffs are usually controversial, but those aimed at Mexico are even more so. While Mexico enjoys geographic proximity to the U.S., the world's largest economy, the White House views that trading relationship as uneven. Additionally, the tariff action against Latin America's second-largest economy takes on added controversy because the Trump Administration is essentially saying these tariffs are the result of Mexico's unwillingness to help with the illegal immigration crisis.EWW is the largest dedicated Mexico fund, and there may be some near-term hope for this international ETF."Mexico's president on Saturday hinted his country could tighten migration controls to defuse U.S. President Donald Trump's threat to impose tariffs on Mexican goods, and said he expected 'good results' from talks planned in Washington next week.," according to Reuters. VanEck Vectors Gaming ETF (BJK)Expense Ratio: 0.66%With the bulk of its holdings being domestic casino operators and companies with exposure to Macau, the VanEck Vectors Gaming ETF (NYSEARCA:BJK) may not appear to be the type of international ETF that could be stymied by tariff talk. But price action suggests otherwise, as BJK tumbled nearly 11% in May.Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN) and MGM Resorts International (NYSE:MGM) are all Las Vegas-based companies, but each has a footprint in Macau, the only Chinese territory where gambling is legal. Proving that exposure to China is problematic when the country is at odds with the U.S., Las Vegas Sands and Wynn fell an average of 22.5% last month, putting the two largest U.S casino operators by market value in bear markets. * 6 Big Dividend Stocks to Buy as Yields Plunge Bottom line: If the tariff war between the world's top two economies keeps gamblers away from the tables in Macau, BJK has the makings of international ETF that is poised to languish over the near-term. Vanguard FTSE Europe ETF (VGK)Expense Ratio: 0.09%Yes, the Vanguard FTSE Europe ETF (NYSEARCA:VGK) is a cheap ETF. And yes, this international ETF performed less poorly than the S&P 500 in May. Even with those positive traits, this international ETF could be vulnerable to more near-term downside if the U.S. decides to explore a new theater in the trade war. That theater being Europe.President Trump has overtly used harsh rhetoric against some European companies. For example, he has said that automotive trade imbalances favoring Europe are threatening U.S. automakers. The president is also pushing the European Union (EU) to take more agriculture from U.S. farmers, something the EU is balking at."Countries like France and Belgium have also balked at joining talks because of the Trump administration's refusal in 2017 to sign a global pact on climate change," reports The New York Times. "And leaders of the Green coalition in the European Parliament have said they will not sign trade agreements with countries that have not ratified the climate accord."Bottom line: The EU and the U.S. could very well be the next chapter in the trade conflict, and that is likely to be bad news for developed-market international ETFs, such as VGK. iShares MSCI India ETF (INDA)Expense Ratio: 0.68%The iShares MSCI India ETF (CBOE:INDA) and other India funds were stars among international ETFs last month, as stocks in Asia's third-largest economy rallied following the reelection of Prime Minister Narendra Modi. While Indian equities look good compared to the broad emerging markets complex, there is significant trade war risk with the U.S. here.Last week, the White House removed India's special trade status, a policy that kept billions of dollars of Indian imports to the U.S. away from tariffs."I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets," President Donald Trump said in a statement issued by the White House. * 7 Bank Stocks to Leave in the Vault Today, India loses its status as a beneficiary developing country. Time will tell if that move by the U.S. hampers India ETFs. VanEck Vectors Steel ETF (SLX)Expense Ratio: 0.56%The VanEck Vectors Steel ETF (NYSEARCA:SLX) is a reverse tariff play. The U.S. steel industry was one group that actually benefited from tariffs, but in a recent sign of some willingness to make trade concessions, the White House lifted tariffs on Canadian and Mexican steel imports.While not an international ETF, SLX predictably reacted adversely to that news. The steel ETF is down almost 13% in the current quarter and resides almost 30% below its 52-week high, putting the fund deep into bear market territory. Analysts are sounding bearish tones on domestic steel stocks, including some residing in SLX.Last week, Deutsche Bank lowered its ratings on Nucor (NYSE:NUE) and Steel Dynamics (NASDAQ:STLD) to "hold" from "buy" while hitting US Steel (NYSE:X) with a "sell" rating. But SLX could be reinvigorated when Trump hits the 2020 campaign trail in earnest, assuming he again promises to protect domestic steel producers.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post 5 Non-China ETFs Being Stung by Tariff Talk appeared first on InvestorPlace.
Weakness in Purchasing Managers' Index and bleeding Asian markets do not paint a pretty picture for investors holding ETFs with exposure to the Asia-Pacific region.
Pre-market futures have buoyed into positive territory on news that Chinese officials say the ongoing trade war with the U.S. should be resolved at the negotiating table.
A new report out from the Copley Fund Research, finds more than 80% of global investment funds are now over-weight in European equities, with the exception of the U.K. Complete Intelligence Founder and CEO Tony Nash joins Yahoo Finance’s Akiko Fujita to discuss The Ticker.