The Mexico exchange traded fund (
) had a solid second quarter, in line with the country's economic
performance. But Mexico's Central Bank is holding off on making any
big moves just yet.
Some of the good things happening in the economy lately
- Exports have been vigorous this year, according to bank
Governor Agustin Carstens.
Jonathan Levin and Andres Martinez for
BusinessWeek report that
the bank raised its forecast for job creation this year to as
high as 625,000
- The benchmark lending rate will remain at 4.5% until any
indications of inflation are apparent, perhaps indicating that it
doesn't expect a major change in price pressures. [
U.S. Economy Hits Mexico ETF.
- The capital markets have picked up, rebounding off 2009
- The economy has demonstrated its revival by expanding more
than 4 % from a year earlier after contracting 2.3 % in the last
three months of 2009.
World Market Pulse writes for Seeking Alpha
Mexico has also seen auto production, manufacturing and import
activity ramping up, too. [
Why ETF Providers See Mexico As a Hot Spot.
On the downside is a widening divide between the country's haves
and have-nots: 32% of the top earners take home 55% of the
country's total income.
For more stories about Mexcio, visit our
iShares MSCI Mexico (NYSEArca: EWW)
iShares S&P Latin America 40 Index (NYSEArca:
CurrencyShares Mexican Peso Trust (NYSEArca:
Market Vectors Latin America Small Cap (NYSEArca:
SPDRS S&P Emerging Latin America ETF (NYSEArca:
Read the disclaimer
; Tom Lydon is a board member of Rydex|SGI.
Tisha Guerrero contributed to this article.