Mexican stocks, like the rest of their Latin American counterparts, have languished again this year with the iShares MSCI Mexico Capped ETF (NYSE: EWW) sinking 7.4 percent. Dealing a blow to the theory that Mexican stocks are correlated to their U.S. peers, EWW is off 20.2 percent, putting it in a bear market, over the past year while the S&P 500 is higher by 9.5 percent over that period.
Those declines confirm that finding bottoms in EWW has been a fool's errand and a trade that has not rewarded those have embraced it. As is the case in Brazil where the tumbling real is hurting stocks, the seemingly never-ending slide of Mexico's peso is plaguing equities in Latin ...
/www.benzinga.com/trading-ideas/long-ideas/15/07/5721218/peso-swoon-could-spell-opportunity-in-these-mexico-etfs alt=Peso Swoon Could Spell Opportunity In These Mexico ETFs>Full story available on Benzinga.com
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