Mexico looks to recover along with the U.S.

Article Excerpt

The Mexican economy was hit by the pandemic, especially from a disastrous drop in international tourists as COVID-19 kept visitors at home. But the economy is now recovering as the U.S. rebounds. In fact, Mexican stocks have largely bounced back to pre-pandemic levels. Here’s a look at an ETF that provides exposure to the top Mexican publicly listed companies. ISHARES MSCI MEXICO ETF $47.88 (Nasdaq symbol EWW; TSINetwork ETF Rating: Aggressive; Market cap: $1.2 billion) tracks the performance of the largest publicly listed Mexican companies. Consumer Defensive stocks account for 31% of its assets, while Telecommunication Services (22%), Financial Services (15%), Basic Materials (12%), and Industrials (10%) are other key segments. The ETF holds a portfolio of 47 stocks; the top 10 holdings make up a large 64% of the portfolio. They are America Movil SAB (Communications, 15.5%), Grupo Financiero Banorte (Financials, 9.7%), Fomento Economico Mexicano (Consumer Defensive, 9.5%), Walmart de Mexico (Consumer Defensive, 9.5%), Grupo Televisa (Consumer Cyclical, 4.2%), Cemex SAB (Basic Materials, 4.0%),…