Mexico ETF Worth a Celebration on Cinco de Mayo

By
A A A

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 The NASDAQ OMX Group, Inc.



This article appears in: Investing , ETFs

Referenced Stocks: ETF , EWW , FXM

ETF Trends

ETF Trends

More from ETF Trends:

Related Videos

Quick on Your Feet
Quick on Your Feet                  
Early Entrepreneurship
Early Entrepreneurship              

Stocks

Referenced

100%
100%

Most Active by Volume

48,099,947
  • $16.09 ▲ 0.50%
40,277,806
  • $102.50 ▲ 0.24%
40,236,499
  • $19.57 ▲ 2.35%
31,092,510
  • $49.75 ▲ 0.65%
30,795,218
  • $34.92 ▲ 0.78%
29,910,855
  • $3.63 ▲ 0.83%
24,019,154
  • $13.06 ▼ 0.38%
23,753,906
  • $74.82 ▲ 1.31%
As of 8/29/2014, 04:04 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com