Eye On The iShares Mexico ETF

Latin America is a very hot region which has posted better than average returns in all three of the region's ETFs.

The Mexican economy is gaining momentum, having grown 4.5% in 2006. Internationally minded investors looking to spice up their holdings with a shot of that economic hot sauce might consider the iShares MSCI Mexico Index (AMEX: EWW). Invest with caution, though -- despite its fine performance, the fund has a few glaring weaknesses.

EWW has its heaviest sector exposure in Wireless Telecom, at 27%, with 15% in construction materials and 12% in diversified telecom.

More Technical Stuff on EWW:
Moving Averages:
50 day - 51.82
200 day - 44.90

Top Five Holdings:
America Movil SAB de CV 22.63%
Cemex SA B de CV 15.51%
Telefonos de Mexico SA de CV 9.06%
Wal-Mart de Mexico SA de CV 4.99%
Grupo Televisa SA 4.80%