At the present time, there are only two Mexico ETFs for investors to think about. There is the iShares MSCI Mexico Investable (EWW) and the ProShares Ultra/Short MSCI Mexico (SMK).
The larger one is the EWW from iShares. It has a one year performance of 55.72% with an expense ratio of 0.55%, as of 12/31/09. The $1.3 billion in assets is heavily invested in the telecommunication service sector by holdings 34.25%. Consumer staples have 23.86%, and materials have 14.22% of the total assets. This is, overall, a large blend fund with a large average trading volume of 2.4 million. This fund has volatility measures of a beta at 1.45, an R-squared of 82, and a standard deviation of 32.23% for the last three years against the S&P 500, as of the end of February 2010. This is a three star fund, as rated by Morningstar, which is a low risk with below average returns.
The other ETF from Mexico is the SMK from ProShares. It is a leveraged fund that is -2X the index. That is to say that each trading day, it seeks a -200% of the return of the index it is compared to. This fund seeks a profit when the index declines which has not occurred since it was first introduced. Since its inception in June of 2009, its performance has been -56.10% but this funds seeks only short term investors for daily trading profits and not long term investments. Because volatility measures take three years of data before they are figured, there are not any. The average daily volume of shares of this fund that are being traded are just over 5K.
There are not a lot of ETF investing choices with Mexico ETFs. These investments will rise when the economy of the US recovers, since 80% of all exports from Mexico go to the US.
For additional resources about ETF on this website, please view Best S&P 500 ETF Funds and South Korea ETFs
If you would like to compare these funds to one of Vanguards than please try Vanguard FTSE All-World ex-US ETF on our sister site www.bestmutualfundsnow.com and Best Asia ETFs on stockmarketinvestingblog.com.
We strive to bring you the latest and most accurate data possible from the home sites of the investment institutions we name. Always remember the bigger the risk, the larger the reward or loss. Invest with caution.
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