iShares MSCI Mexico Capped ETF (EWW) - NYSEARCA
  • Wed, Jun. 29, 5:12 AM
    • Looking to stress the importance of trade, leaders of the U.S., Canada and Mexico will meet today for the annual "Three Amigos Summit" at a time of mounting doubts about the benefits of globalization.
    • All three are part of the Trans-Pacific Partnership, the 12-nation trade deal President Obama had cast as an update to NAFTA.
    • Ahead of the gathering, Canada dropped its visa requirement for Mexican visitors as of December 2016, while Mexico agreed to open its markets to Canadian beef.
    • ETFs: EWW, FXC, EWC, MXF, MXE, CNDA, UMX, EWCS, DBMX, SMK, FCAN, QCAN, QMEX, HEWW, HEWC
    | Wed, Jun. 29, 5:12 AM | 6 Comments
  • Fri, May 13, 3:04 PM
    • "It's a coup," says the now-suspended president after the country's Senate voted to begin an impeachment trial against her. "My government was the target of nonstop sabotage ... The objective was to stop me from governing and therefore allow an environment inviting the coup."
    • Having bought up Brazilian shares for months in the run-up to Rousseff's exit, investors are selling the actual news, with the Bovespa lower by 3.3% today.
    • Don't chase the rally, says Calamos fund manager Nick Niziolek. "There's a lot of work to do," he says, noting the new administration needs to tackle spending, but more than 90% of expenditures are mandatory. "In order to solve their fiscal deficit and cut costs, they would have to go back and rewrite the constitution."
    • He prefers Mexico, even though its commodity exposure means it faces many of the same issues Brazil does. What Mexico also has though is strong ties to the U.S. - where 80% of the country's exports go.
    • ETFs: EWZ, EWW, MXF, BRF, BRZU, EWZS, BZQ, BRAQ, MXE, BRAZ, UBR, DBBR, UMX, DBMX, FBZ, SMK, QMEX, HEWW
    | Fri, May 13, 3:04 PM | 26 Comments
  • Thu, Mar. 31, 1:32 PM
    • A combination of the oil crash and slower than expected economic growth present challenges to the government's fiscal consolidation plans, says Moody's, cutting the credit rating outlook for Mexico to negative from stable.
    • In particular, the government could have to divert money to prop up state-run oil company Pemex.
    • The iShares MSCI Mexico ETF (NYSEARCA:EWW) is down 0.9% on the session, but up nearly 8% YTD.
    • ETFs: EWW, MXF, MXE, UMX, DBMX, SMK, QMEX, HEWW
    • Now read: Mexico's Structural Reform Updates
    | Thu, Mar. 31, 1:32 PM | 1 Comment
  • Wed, Feb. 17, 3:01 PM
    • It's a good sign for dinged up emerging markets, says Brown Brothers Harriman, commenting on today's unexpected 50 basis point rate hike to 3.75% from the Bank of Mexico.
    • The bank, says Brown Brothers, demonstrated perfect timing - choosing to hike alongside big rallies in stocks and oil.
    • Capital Economics notes the government announced budget cuts alongside today's rate increase, but whether the peso ultimately stabilizes will depend on whether oil bottoms and sentiment towards emerging markets improves. The team cuts its GDP growth forecast for 2016 to 2.5% from 3%.
    • EWW +3.4%
    • ETFs: EWW, MXF, MXE, UMX, DBMX, SMK, QMEX, HEWW
    | Wed, Feb. 17, 3:01 PM
  • Dec. 17, 2015, 4:35 PM
    • As expected following the Fed's move, the Bank of Mexico tightens policy for the first time since 2008 with its own 25 basis point rate hike to 3.25%.
    • Faced with record-low inflation and slowing growth, the bank says it moved in the hopes of easing pressure on sliding peso.
    • The currency hit a record low vs. the dollar earlier this month. It currently requires 17.02 pesos to buy a dollar vs. 17.07 before the rate hike.
    • ETFs: EWW, MXF, MXE, UMX, DBMX, SMK, QMEX, HEWW
    | Dec. 17, 2015, 4:35 PM | 2 Comments
  • Sep. 18, 2015, 12:31 PM
    • A net decline of 0.7% in emerging markets funds last week brings the four-week decline to 3.7%, and the YTD falloff to 5%. For the month of August, money exited Asia and Eastern Europe, but rose for Latin America, with Mexico (NYSEARCA:EWW) leading the way.
    • Also among those with inflows is Russia for the third consecutive month, perhaps as investors chase performance - the Market Vectors Russia ETF (NYSEARCA:RSX) is up 11% for the year.
    • ETFs: EEM, VWO, EDC, EDZ, SCHE, IEMG, EMF, MSF, EEV, ADRE, EET, EUM, GMM, DBEM, EEME, EMCR, FEM, XSOE, EWEM, HEEM, EMLB, EMSA, EMFT, KEMP, KLEM
    | Sep. 18, 2015, 12:31 PM | 2 Comments
  • Sep. 3, 2015, 2:28 AM
    • Brazil's two-decade rule over the the Latin American stock markets is continuing to dwindle as the nation's recession and political crisis deepen and its currency plunges.
    • At one point a few years ago, Brazil's market was four times larger than nearest rival Mexico, but that gap, once as much as $1.1T, is now down to just $133B.
    • Regression analyses of the current pace of declines indicate Brazil's lead could disappear over the next 13 months.
    • ETFs: EWZ, EWW, MXF, BRF, BRZU, EWZS, BRXX, BRAQ, BZQ, MXE, BRAZ, BRAF, UBR, DBBR, UMX, DBMX, FBZ, SMK, QMEX, HEWW
    | Sep. 3, 2015, 2:28 AM
  • Apr. 14, 2015, 12:39 PM
    • Ford (F +0.9%) is poised to announce a $2.5B investment in Mexico, sources tell Reuters.
    • The automaker is expected to disclose on Friday a plan to expand a diesel engine plant in Chihuahua and a transmission plant in Guanajuato.
    • Several major automaker have set plans to expand capacity and add jobs in Mexico to meet the expected rise of auto sales in North and South America.
    • Related ETFs: EWW, UMX, SMK, DBMX, QMEX.
    | Apr. 14, 2015, 12:39 PM | 27 Comments
  • Jan. 2, 2015, 3:01 PM
    • A continued retreat in commodity prices is as good of an excuse as any for a 3% decline in Brazil's Bovespa (EWZ -3.5%), but Mexico is down 2% after its manufacturing PMI rose to a 2-year high of 55.3. EWW -2.6%
    • PNC's Bill Adams on oil and Mexico: "The global decline in oil prices is probably a net tailwind for Mexico’s 2015 economic outlook: Oil production is very important to Mexican tax revenues, but far less so for the country’s trade balance or overall economic growth.”
    • The iShares S&P LatAm 40 Index (ILF -2.7%)
    • ETFs: ILF, LBJ, GML, EEML, FLN
    | Jan. 2, 2015, 3:01 PM
  • Dec. 31, 2014, 11:34 AM
    | Dec. 31, 2014, 11:34 AM
  • Dec. 11, 2014, 12:36 PM
    • A large net importer of oil, Chile (NYSEARCA:ECH) is the largest Latin American beneficiary of plunging crude prices, says Credit Suisse, upgrading the country to Overweight in its 2015 outlook for Latin America. Columbia (GXG, COLX, ICOL), however, will see a strong negative impact on its trade and fiscal accounts, and is downgraded to Market Weight.
    • Cut to Underweight is Brazil (NYSEARCA:EWZ) even after the recent correction, thanks to poor GDP and earnings outlook, fiscal tightening, forex risk, and a still-pricey valuation.
    • Mexico (NYSEARCA:EWW) remains Market Weight as strong economic fundamentals are balanced out by full valuations.
    • The team remains Underweight Peru (NYSEARCA:EPU).
    • ETFs: ILF, LBJ, GML, EEML, FLN
    | Dec. 11, 2014, 12:36 PM | 2 Comments
  • Oct. 4, 2014, 4:30 PM
    • Bill Gross, set to start working for Janus (NYSE:JNS) on Monday, tells Barron's there will be a “bear markets for all assets” if the Fed raises its short-term rate to 4% in the next few years.
    • The Fed should target a rate of 2%, not 3.75-4%, to keep the economy in equilibrium, he says. Its current model fails to reflect structural changes in the economy.
    • Gross expects his fund to hold a "decent percentage" of short-term high-yield paper (10-25%), yielding 3-4%. "Both Janus and I like one-to-three-year high-yield paper issued by companies such as Ally Financial (NYSE:ALLY) and HCA Holdings (NYSE:HCA)."
    • Gross also likes Mexico (ETFs: EWW, UMX, SMK, DBMX, QMEX), and says he may take "mild short positions" in the euro (FXY, YCS, JYN, YCL)  and yen (FXE, EUO, ERO, DRR, EUFX, ULE, URR).
    • Janus may develop an ETF to track Gross's fund (MUTF:JUCTX).
    | Oct. 4, 2014, 4:30 PM | 12 Comments
  • Sep. 22, 2014, 3:30 PM
    • "Mexico is truly a benchmark right now," says Gerardo Rodriguez, the country's former deputy finance minister, now running money at BlackRock. “Mexico is probably right there at the top of a very small list of countries that have shown willingness to reform.”
    • Twenty years after its most recent bailout, Mexico is rivaling Chile as Latin America's best credit risk - its CDS prices fell below Chile for the first time ever last June. Helping are government reforms like opening up the oil industry to investment and spurring competition in telecommunications are helping, and the country's debt as a percentage of GDP is expected to be 48% this year vs. a 53% average for the region and 67% for Brazil. The government of Pena Nieto predicts the reforms will boost GDP growth above 5% by 2018, a level not seen since 2010.
    • ETFs: EWW, UMX, SMK, DBMX, QMEX
    | Sep. 22, 2014, 3:30 PM | 1 Comment
  • Sep. 18, 2014, 4:45 PM
    | Sep. 18, 2014, 4:45 PM | 1 Comment
  • Sep. 11, 2014, 3:36 PM
    • We have been adding to our Brazilian exposure and in particular have been buying Brazilian state-owned enterprises where the outlook is improving and they are priced at deep discounts to their intrinsic value,” says Santander Asset Management's Dipak Chouhan.
    • The Santander Acciones Latinoamerica Fund  - the best performing mutual fund covering that region with a 29% gain YTD vs. the MSCI LatAm Index up 9.4% - has added Petrobas (PBR +1.7%), and increased stakes in Itau Unibanco (ITUB +0.1%), and Estacio Participacoes (OTCPK:ECPCY +0.2%).
    • Brazil ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRZU, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
    • The fund is also liking Mexico, seeing opportunity and stronger growth amid the opening of the energy market. It's boosted holdings of Alsea (OTC:ALSSF) and Cemex (CX -0.1%), while cutting its stake in Wal-Mart Mexico (OTCQX:WMMVY -0.5%).
    • Mexico ETFs: EWW, UMX, SMK, DBMX
    | Sep. 11, 2014, 3:36 PM
  • Aug. 14, 2014, 2:03 AM
    • Due to the recent opening of its energy industry, Mexico now expects to pull in $50.5B in new private and foreign investment by 2018, which has been locked under state monopoly since 1938.
    • Companies will be able to bid on contracts under the so-called "Round One" tender, which will offer up to 169 exploration and extraction blocks.
    • However, state-owned Pemex will still continue to be the dominant player in the market, having received 83% of probable reserves and 21% of prospective resources.
    • ETFs: EWW, UMX, SMK, DBMX
    | Aug. 14, 2014, 2:03 AM
EWW Description
The iShares MSCI Mexico Capped Investable Market Index Fund (the “Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Mexico IMI 25/50 Index (the “ Underlying Index”).
See more details on sponsor's website
Country: México
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