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EWW: The Momentum Continues
The iShares MSCI Mexico ETF is a good way to gain exposure to the Mexican market, with potential upside and strong corporate earnings growth. The nearshoring phenomena should add more than 1% to structural GDP growth that drives industrial production and consumer demand. The start of an easing cycle from 11% to 9% should also add fuel to equity valuations.
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EWW: Change In Minimum Wage A Threat To Mexican Corporates
EWW provides exposure to Mexican majors, but we worry about the impact of minimum wage increases on earnings of Mexican corporates. Consumer staples and financials are attractive due to economic resilience and potential benefits from higher interest rates. However, the substantial minimum wage increase that affects 33% of the workforce is possibly a major earnings headwind, especially with global recessions still on the table. Pass on EWW.
EWW: Mexican Stocks Rebound In 2023, Remain Inexpensive
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.
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EWW: 'Higher For Longer' Interest Rates Could Inflict Damage
iShares MSCI Mexico ETF is facing potential volatility due to Mexico's interest rate roadmap and the vehicle's weighting structure. Mexico's sluggish growth and reliance on foreign trade may hinder the ETF's performance. The EWW ETF has concentration risk, underwhelming price multiples, and is exposed to elevated risk premiums.
EWW: Resilient With Continued MXP Uplift
EWW has performed well due to resilient exposures and a strong Mexican Peso. The ETF has significant exposure to consumer staples and financials, which have matched inflation rates or benefited from higher interest rates. The Mexican economy's lack of leverage and capacity for hawkishness make it less vulnerable to the negatives of higher rates.
EWW Financial details
EWW Financial Performance
EWW Frequently Asked Questions
What is iShares MSCI Mexico ETF stock symbol ?
iShares MSCI Mexico ETF is a US stock and trading under the symbol EWW
What is iShares MSCI Mexico ETF stock quote today ?
iShares MSCI Mexico ETF stock price is $67.26 today.
Is iShares MSCI Mexico ETF stock public?
Yes, iShares MSCI Mexico ETF is a publicly traded company.