August 10, 2012
Written By William Corney, Ph.D.
“iShares MSCI Mexico Market Index (EWW)—This exchange-traded fund invests in companies based in Mexico. Its return on a percentage basis since inception is shown in the table below [click read more to see it]. This fund is given four stars by Morningstar. Its five largest holdings by index weight include America Movil (24%), Formento Economico Mexicano (10%), WalMart de Mexico (9%) Grupo Mexico (6%) and Grupo Financiero Banorte (5%).
“Top economic sectors represented in the fund are Consumer Defensive companies and Communications Services. Owing to its composition of large, defensive growth companies, the fund carries lower than average risk. It does, however, carry a currency exchange-rate risk. The fund’s expense ratio is 0.52 and it provides a yield of 1.3%.”
Leonard Goodall, PhD. & Wm J. Corney, PhD., No-Load Portfolios, August 6, 2012