Mexico ETF Worth a Celebration on Cinco de Mayo

By Tom Lydon,

Shutterstock photo

Happy Cinco de Mayo! While you're mixing up a fresh batch of margaritas and guacamole, let's take a look at Mexico's exchange traded fund ( ETF ), which has performance of late that's worthy of a little celebration.

What a difference a quarter makes. Mexico's economy grew 4% in the first quarter of this year after shrinking 2.3% in the final quarter of 2010. Behind the growth lies strong consumer demand, which has been lending some support to the export-driven economy, reports Jonathan J. Levin and Jens Erik Gould for BusinessWeek .

But wait…there's more.

iShares MSCI Mexico ETF (NYSEArca: EWW ) in particular has moved above its long-term trend line once again and is now 7.3% above that point. Can it keep moving in the right direction? The country's leaders seem to believe so.

For more stories about Mexico, visit our Mexico category .

  • iShares MSCI Mexico ETF (NYSEArca: EWW )

  • CurrencyShares Mexican Peso Trust (NYSEArca: FXM )

Read the disclaimer ; as Tom Lydon is a board member of Rydex|SGI.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
Referenced Stocks: ETF , EWW , FXM

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