Summary
EWW Chart
EWW: Weak Valuation-To-Growth Trade-Off, But Useful Materials Exposure
The iShares MSCI Mexico ETF, which covers 39 stocks, has underperformed its EM peers and global stocks this year. EWW's portfolio has shifted toward materials, led by Grupo Mexico B, now at a 16% weight, and is benefiting from strong copper sector conditions. Despite a Q2 Mexican GDP rebound, forward-looking business and consumer confidence remain weak, and monetary easing tailwinds have faded.
3 ETFs Offering Exposure to Latin America's Stock Market Rally
Although not uniform across the region, a number of Latin American equity markets have outperformed the S&P 500 year to date (YTD). Emerging markets in Peru, Colombia, Brazil, and elsewhere have all beaten the S&P's 9% YTD returns, thanks to a combination of factors, including higher prices for certain commodities, growing AI-related demand for outputs such as copper, lithium, and nickel, and favorable company valuations.
Mexico Posts $4.52 Billion April Trade Surplus
Exports of manufactured goods increased by 34% to $65.69 billion, mining exports rose 71% to $2.08 billion, and agricultural exports edged up 0.1% to $2.23 billion.
iShares MSCI Mexico ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 4,737 | $356,527 | $367,212.24 | $10,685.24 | 3% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 318 | $23,930.9 | $24,244.32 | $313.42 | 1.31% |
| NA Nizar Araji National Bank Of Canada /FI/ | 9,006 | $434,691.96 | $698,235.18 | $263,543.22 | 60.63% |
| TG Tatiana Grecco Itau Unibanco Holding S.A. | 29,000 | $2.18M | $2.18M | -$7,539.94 | -0.35% |
| WRT William R. Timmons III Canal Insurance CO | 10,000 | $751,800 | $775,300 | $23,500 | 3.13% |
iShares MSCI Mexico ETF (EWW) FAQ
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iShares MSCI Mexico ETF Profile
| ARCA Exchange | US Country |
Overview
The company operates as an investment fund focused primarily on the equity market of Mexico. It commits to allocating at least 80% of its assets towards securities that are part of its underlying index or investments closely mimicking the economic characteristics of these securities. This strategy aims to closely track the performance of a specifically designed index that reflects the comprehensive landscape of large-, mid-, and small-capitalization segments within the Mexican equity market. Furthermore, the fund identifies as non-diversified, meaning it may concentrate its investments more heavily in fewer securities, potentially increasing its risk and return profile.
Products and Services
- Component Securities Investment
The fund dedicates the majority of its portfolio, at least 80%, to the securities that comprise its underlying index. These investments are selected to ensure that the fund's performance closely parallels the economic characteristics of these component securities, thereby aiming to replicate the index's performance.
- Market Capitalization-Weighted Index Strategy
Its investment approach is centered on a free float-adjusted market capitalization-weighted index. This underlying index is meticulously constructed to measure the performance across large-, mid-, and small-cap segments of the Mexican equity market, offering a broad exposure to its investors.
- Non-Diversified Fund Structure
Unlike diversified funds, this investment vehicle takes a concentrated approach by investing more significantly in fewer assets. This strategy is designed for investors seeking potentially higher returns that come with higher risk, owing to the focused nature of its investments within the Mexican equity market.
