Home Depot rival Lowe’s (LOW) is feeling tempted by the promise of the Mexican market as well, and they plan to open three to five stores by 2009 in the city of Monterrey.
Despite recent slowdowns, Mexico has enjoyed a largely stable economy in the last decade, with relatively low inflation and an emerging middle class.
The iShares MSCI Mexico (EWW) is one way to capture this emerging economy. It’s up 9.9% year-to-date. Exposure to Mexico can also be had in a broader-based fund, such as the Latin America Discovery Fund (LDF), which is a closed-end fund (CEF). It’s up 13.7% year-to-date and contains 27.5% exposure to Mexico.
