Today were reported iShares MSCI Mexico Inv. Mt. Idx. (ETF) (NYSEARCA:EWW)‘s daily net flows. The ETF registered $-56.49M asset outflows for -4.40% decrease, reaching $1227.46M after yestarday’s trading session. The chart of iShares MSCI Mexico Inv. Mt. Idx. (ETF) shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF decreased 2.83% or $1.44 on November 1, hitting $49.39. It is down 8.03% since March 31, 2016 and is downtrending. It has underperformed by 10.55% the S&P500.
The ETF’s YTD performance is -1.57%, the 1 year is -3.47% and the 3 year is -6.99%.
The ETF’s average P/E ratio is 19.53, the price to book is 2.51, the price to sales is 1.75 and the price to cashflow is 7.27. iShares MSCI Mexico Inv. Mt. Idx. (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: America Movil SAB de CV Class L for 9.89% of assets, Fomento Economico Mexicano SAB de CV Units (1 Series B 4 Series D) for 9.16%, Grupo Financiero Banorte SAB de CV Class O for 6.90%, Grupo Televisa SAB CPO Terms:25 Shs-A- + 35 Shs-L- + 35 Shs-D- + 22 Sh-B- for 6.59%, Wal – Mart de Mexico SAB de CV Class V for 5.97%, Cemex SAB de CV CPO Terms:2 Shs-A- & 1 Shs-B- for 5.66%, Grupo Mexico SAB de CV for 4.61%, Fibra Uno Administracion SA de CV Series 11 for 2.93%, Alfa SAB de CV for 2.75%, Grupo Bimbo SAB de CV Shs A for 2.70%. The ETF sector weights are: Basic Materials 18.03%, Consumer Cyclical 11.90%, Financial Services 15.02%, Realestate 6.53%, Consumer Defensive 27.28%, Healthcare 0.66%, Communication Services 10.84%, Industrials 9.73%. The ETF currently as 0% yield.
More notable recent iShares MSCI Mexico Inv. Mt. Idx. (ETF) (NYSEARCA:EWW) news were published by: Etfdailynews.com which released: “Mexican Central Bank Keeps Rates Unchanged at 4.25% amid Economic Weakness” on August 12, 2016, also Benzinga.com with their article: “Tal Vez MaÃ±ana: Waiting On The Mexico ETF” published on August 30, 2016, Benzinga.com published: “Sell Nike, Buy Facebook And More Fast Money Picks For September 27” on September 27, 2016. More interesting news about iShares MSCI Mexico Inv. Mt. Idx. (ETF) (NYSEARCA:EWW) were released by: Benzinga.com and their article: “Latin America ETFs Show Troubling Trend” published on March 11, 2015 as well as Benzinga.com‘s news article titled: “Investors Really Hate The Mexico ETF” with publication date: December 16, 2015.
EWW Company Profile
iShares MSCI Mexico Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Mexican market, as measured by the MSCI Mexico Index (the Index). The Index seeks to measure the performance of the Mexican equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. Component companies are adjusted for available float and must meet objective criteria for inclusion in the Index. The Index is reviewed quarterly.
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