Mexico gains from North American trends

Article Excerpt

The Mexican manufacturing and export sectors have already grown significantly over the past two decades. But now, despite the country’s challenges, a unique set of circumstances present Mexico with an opportunity to develop these sectors even further. That will further advance it as a major manufacturing hub for North America. Here is one ETF that provides exposure to the top Mexican publicly listed companies. ISHARES MSCI MEXICO ETF $55.85 (New York symbol EWW; TSINetwork ETF Rating: Aggressive; Market cap: $1.25 billion) tracks the performance of the largest publicly listed Mexican companies. Consumer Defensive stocks account for 29% of its assets, while Financial Services (18%), Communication Services (16%), Industrials (15%), and Basic Materials (12%) are other key segments. The ETF holds a portfolio of 44 stocks; the top 10 holdings make up a sizeable 64% of holdings. They are America Movil SAB (Communications, 14.4%), Grupo Financiero Banorte (Financials, 10.3%), Walmart de Mexico (Consumer Defensive, 10.0%), Fomento Economico Mexicano (Consumer Defensive, 7.8%), Grupo Mexico (Basic Materials, 4.7%), Cemex…