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iShares MSCI Mexico Capped Investable Market Index ETF

5/21/2013, 2:41 PM ET

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Monday, May 20, 9:47 AM UBS' 5 "suspected" asset bubbles: 1) Risk-free rates - specifically Treasurys (TLT), Bunds (BUND, BUNL), JGBs (JGBL, JGBT, JGBD, JGBS) 2) Credit (HYG, JNK) 3) Real estate in Asia (WPS) 4) Certain EM equity markets (EIDO, IDXJ, EPHE, THD, EWW) 5) Australian banks (WBK, NABZY.PK, ANZBY.PK, CMWAY.PK). Comment!
Wednesday, March 27, 3:07 PM Updating its ETF matrix, Bespoke finds all the major U.S. index ETFs up about 10% YTD, with the leading sectors health care (XLV) and consumer staples (XLP) - each up more than 13%. Dragging are telecom (IYZ), materials (XLB), and tech (XLK). About all country ETFs are in the red, with the exceptions of Japan (EWJ) and Mexico (EWW). Leading everything is natural gas (UNG), up 17.7%. Comment!
Tuesday, March 12, 3:06 PM Mexico's outlook is upgraded to Positive from Stable at S&P as it reaffirms the country's BBB rating. "The ratings on Mexico reflect its track record of cautious fiscal and monetary policies ... (it) reflects a greater than 1-in-3 chance that the government will successfully advance policies to further strengthen Mexico's fiscal (position)." EWW +0.4%. Comment! [Global & FX]
Friday, March 8, 10:07 AM The Bank of Mexico unexpectedly cuts its benchmark rate 50 bps to 4%. The Bank calling a rate cut "advisable" at its last meeting was apparently not enough to convince economists who instead may have been focused on a recent uptick in inflation. EWW +0.5%. Comment! [Global & FX]
Wednesday, February 13, 9:31 AM The big banks get a lot of headlines for slashing jobs, but one place they're adding is Mexico thanks to speedy economic growth, a hot stock market, and rising peso. At the same time, some are cutting back in Brazil as the economy and stock market stumble. Previous: ETF investors abandon Brazil (EWZ) for Mexico (EWW). Is a contrarian trade idea forming? Comment! [Global & FX, Quick Ideas]
Tuesday, February 12, 3:44 PM Markets make opinons, they say, and Brazil's (EWZ) poor performance has managers pulling funds and talking about long-term troubles for the next great country. Money is instead chasing performance in Mexico (EWW), Peru (EPU), and Chile (ECH). A 10% move up in the Bovespa and it's our guess the prospects for Brazil among the adviser crowd will have improved. Comment! [Global & FX]
Wednesday, January 16, 2:52 PM Exposure to Brazil (EWZ), only better, the Latin American 40 ETF (ILF) also has a heavy weighting in Mexican giants like Carlos Slim's America Movil (AMX) and Wal-Mart Mexico (WMMVY.PK). The Mexican additions have allowed ILF a far-superior performance to the Brazil offering. 1 Comment [Global & FX]
Monday, December 31, 2012, 11:56 AM More details on iShares' ETF fee hikes: Going to 0.53% from 0.52% (a 1.9% hike) are its Ireland Capped Investable Market Fund (EIRL), Australia Fund (EWA), Canada Fund (EWC), Hong Kong Fund (EWH), Belgium Capped Fund (EWK), Switzerland Fund (EWL), Malaysia Fund (EWM), Netherlands Investable Market Fund (EWN), Spain Fund (EWP), France Fund (EWQ), Singapore Fund (EWS), United Kingdom Fund (EWU), Mexico Investable Market Fund (EWW) and EMU Fund (EZU). 2 Comments [Global & FX]
Friday, November 30, 2012, 1:11 PM The bull run in the Mexican peso is over, write Bernard and Cignarella, as the country posts a Y/Y tripling in the trade deficit in October. The gap comes as the economy slows - Y/Y GDP growth of 3.3% in Q3 vs. an average 4.5% pace for the year. The Bank of Mexico today left rates unchanged at 4.5%, but backed off previous threats of an imminent rate hike. EWW +26.5% YTD, Comment! [Global & FX]
Wednesday, November 14, 2012, 5:43 AM Mexico's Senate yesterday passed a major labor-market reform bill that makes it easier to hire and fire staff, and shorten labor disputes. The government hopes the measures will create up to 400,000 jobs a year and cut the number of workers in the black market, which is estimated to cost Mexico as much as $15B in lost taxes each year. Major U.S.-listed firms that could be affected include American Movil (AMX) and Cemex (CX). Comment! [Global & FX]
Thursday, September 20, 2012, 3:34 PM A quiet manufacturing revolution in Mexico has allowed the country to emerge as a legitimate export challenger to China, increasing its share of U.S. imports as China loses ground. "We believe this change is likely to be structural and persistent," says Barclays. Key has been free trade - Mexico has agreements with 44 countries, more than twice as many as China, and four times more than Brazil. Comment! [Global & FX]
Sunday, July 29, 2012, 8:20 AM Be careful chasing momentum, writes UBS' Javier Kulesz, reminding of 2 years ago when Brazil - garnering the Olympics and the The Economist cover while getting kudos for its swift post-GFC recovery - was a market darling, while Mexico was just the opposite. Since then, Mexico (EWW) is up over 20%, outperforming Brazil (EWZ) by more than 4500 basis points. Now it's Mexico drawing the raves. One might do worse going forward than going long Brazil against a short in Mexico. 4 Comments [Global & FX]
Thursday, May 31, 2012, 12:59 PM More on the fund manager survey: Money flowing out of Brazil is moving elsewhere in Latin America as fund managers are overweight Chile, Mexico, and Colombia. Also popular are Taiwan and India. Countries underweight: China, Thailand, Russia South Korea, and Turkey. Comment! [Global & FX]
Thursday, May 17, 2012, 12:08 PM Mexico's Q1 GDP increased 4.6% Y/Y vs. expectations of 4.5% and from 3.9% in 2011 Q4. The strong performance of the peso this year has failed to dent manufacturing or exports, with March's trade surplus of $1.6B the highest for one month since 1985. Mexico (EWW) vs. Brazil (EWZ) this year. Comment! [Global & FX]
Friday, April 27, 2012, 10:08 AM The Bank of Mexico leaves its benchmark rate unchanged at 4.5%. EWW +13.7% YTD. Comment! [Global & FX]
Monday, April 9, 2012, 11:07 AM DJFX trader writes a paen to the Mexican peso on WSJ, saying it's "undeservedly underappreciated." So what if Mexico is riddled with drug-related crime and suffers from political instability, the peso is "among the most heavily traded in the world," even if most of that comes against the dollar. Comment! [Global & FX]