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

Stocks

Referenced

67%
100%

Most Active by Volume

122,762,267
  • $15.81 ▼ 1.43%
62,277,320
  • $8.50 ▼ 6.80%
58,664,622
  • $128.46 ▼ 1.50%
48,473,163
  • $25.99 ▲ 0.39%
36,433,239
  • $5.12 ▲ 7.34%
35,593,669
  • $6.63 ▲ 5.41%
30,823,989
  • $16.68 ▼ 3.02%
30,676,302
    $2.08 unch
As of 2/27/2015, 04:15 PM


Find a Credit Card

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