Mexico

ISHARES MSCI MEXICO CAPPED INVESTABLE MARKET INDEX

EWW_CFD.ETF

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Weekly

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Yearly

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EWW provides broad vanilla exposure to the Mexican stock market. The fund's tilts away from our benchmark are borne out of necessity as opposed to choice. Since the Mexican market is very top heavy, EWW has to reconfigure market cap weightings slightly to stay RIC-compliant. While the fund retains concentrated exposure, this reweighting tilts the fund slightly smaller and leads to minor sector tilts. Despite these differences, however, the fund aligns with our benchmark well. It’s worth noting that EWW has almost no technology, energy or utilities stocks, as the companies in these sectors are privately owned or run by the government. EWW’s massive asset base underpins its strong liquidity - offering cheap and easy access to investors of all stripes. Its expense ratio is lower than most single-country emerging market funds, and tracking data often shows true holding costs as less than the fee. Overall, EWW is a good proxy for the Mexican equity market and is our Analyst Pick for the segment.

ETF name

EWW_CFD.ETF

Market

Stocks

Costs

0.07 %

Mexico

ISHARES MSCI MEXICO CAPPED INVESTABLE MARKET INDEX

EWW_CFD.ETF

EWW provides broad vanilla exposure to the Mexican stock market. The fund's tilts away from our benchmark are borne out of necessity as opposed to choice. Since the Mexican market is very top heavy, EWW has to reconfigure market cap weightings slightly to stay RIC-compliant. While the fund retains concentrated exposure, this reweighting tilts the fund slightly smaller and leads to minor sector tilts. Despite these differences, however, the fund aligns with our benchmark well. It’s worth noting that EWW has almost no technology, energy or utilities stocks, as the companies in these sectors are privately owned or run by the government. EWW’s massive asset base underpins its strong liquidity - offering cheap and easy access to investors of all stripes. Its expense ratio is lower than most single-country emerging market funds, and tracking data often shows true holding costs as less than the fee. Overall, EWW is a good proxy for the Mexican equity market and is our Analyst Pick for the segment.

Portfolio composition (TOP 10)

01.12.2021
America Movil SAB de CV Class L
Wal-Mart de Mexico SAB de CV
Fomento Economico Mexicano SAB de CV Units Cons. Of 1 ShsB And 4 ShsD
Grupo Financiero Banorte SAB de CV Class O
Grupo Mexico S.A.B. de C.V. Class B
Cemex SAB de CV Cert Part Ord Repr

Instrument specification in OANDA TMS Brokers

Name
EWW_CFD.ETF
Description
ISHARES MSCI MEXICO CAPPED INVESTABLE MARKET INDEX
Type
ETF
Contract size / 1 lot
Price * 1 USD
Value of 1 pip
0.01
Minimal step
0.01
Short sale
NO
Distance SL and TP
0
Minimum order value
1
Maximum order value
403
Transaction Step
1
Trading Hours
monday-friday 15:35-22:00
Deposit required
20%
Financial leverage
5:1
Long swap (daily)
-0.02308%
Short Swap (daily)
-0.00192%
3-day swap (date)
5
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