iShares MSCI Mexico ETF (EWW)
Summary
EWW Chart
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.
EWW: Inside Mexico's Quiet But Strong Rally
I reiterate a buy rating on the iShares MSCI Mexico ETF, citing strong outperformance and attractive valuation. EWW trades at 12.7x earnings with a 7.6% long-term growth rate and a PEG comfortably under 2. Technical setup is constructive; a breakout above $82 could target $94, with key support at $69–$71.
iShares MSCI Mexico ETF (EWW) FAQ
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iShares MSCI Mexico ETF Profile
| XSGO 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.
