EWW: Mexican Stocks Rebound In 2023, Remain Inexpensive

Dec. 04, 2023 1:21 PM ETiShares MSCI Mexico ETF (EWW), , , , 1 Comment

Summary

  • Latin American stocks have performed well in 2023, with ETFs from Brazil, Argentina, and Mexico outperforming the S&P 500.
  • The iShares MSCI Mexico ETF is recommended as a buy, with value still seen in the south-of-the-border portfolio.
  • EWW has a concentrated portfolio and high exposure to consumer staples, but its low valuation and strong momentum make it an attractive investment.
View of Paseo de Reforma in Mexico City, financial district at night

Gerardo Huitrón

Latin American stocks are putting the finishing touches on what has been a very strong 2023. Companies based out of Brazil, Argentina, and Mexico have generally fared well, with ETFs of those nations surprising to the upside, outperforming the 20% total return of the S&P 500. I’m

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