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Latin American Stocks Are Rising. Why Investors Should Be Bullish.
After a decade of tough times, commodities are rising, inflation is falling, and Latin America is back, if overlooked. Why the region is best suited for active management over index funds.
Peak Inflation May Hint At Peak Rates In Emerging Markets
Central banks across emerging markets have reacted to elevated inflation by significantly tightening monetary policy, in some cases, well ahead of the U.S. Federal Reserve and the European Central Bank. After largely synchronized rate-hiking cycles across EM, monetary policies could once again begin to diverge among individual countries.
Best ETF Areas of Last Week
Wall Street was downbeat last week with the S&P 500 losing about 3.4%, the Dow Jones shedding 1.4%, the Nasdaq retreating 5.7%, and the Russell 2000 falling about 2.6%.
EWW's Upside Is Limited In A Peak Inflation Scenario
EWW is exposed to lots of pretty resilient consumer staple exposures that have kept its head above water. Moreover, the Mexican Peso has been a stalwart currency this last cycle, since it trades closely with the very strong dollar.
EWW Benefits From Implicit Dollarization And Staple Exposure
Mexico has lower inflation at the cost of austerity, but a consumer staple-dependent EWW ETF is better exposed than most to worse spending conditions. Implicit dollarization of the Mexican Peso protects American investors from excessive FX risk.
Outperforming ETFs in Emerging Markets' Bright Spots
Not all emerging markets offer the same opportunities for investors.
Shifting Global Winds Pose Challenges To Latin America
Economies of Latin America and Caribbean have continued their strong post-pandemic rebound, but the winds are shifting as global financial conditions are tightening and commodity prices are reversing their upward trend, while inflationary pressures persist. The reopening of contact-intensive sectors, especially hospitality and travel, the unwinding of pandemic pent-up demand, and still favorable external financial conditions supported a solid expansion in the first half of the year, allowing services to catch up with manufacturing, and employment to reach pre-pandemic levels.
Mexico Nearshoring Potential For Critical Minerals
Mexico is particularly well-placed to benefit from companies relocating their operations closer to their main destination markets (nearshoring). Companies relocating to Mexico in the five-year outlook, however, are still likely to face security-related risks, particularly road cargo theft and extortion.
EWW: Hawks May Prevail, Alpha Not In The Cards
EWW is a rather liquid, large-AUM option to express a bullish sentiment on a cohort of the principally large-size Mexican equities. Persistent inflation hints more aggressive rate hikes are in the cards, though this is not necessarily bullish for the peso, as higher rates can trigger a recession.
EWW: Mexican Equities Are Probably Fairly Valued
EWW invests in Mexican equities. I think the fund is probably fairly valued unless one is more generous with earnings expectations.
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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 $53.23 today.
Is iShares MSCI Mexico ETF stock public?
Yes, iShares MSCI Mexico ETF is a publicly traded company.