Nevertheless, Gordon believes Mexico could overtake Brazil as the country’s heavy emphasis on trade with the U.S. will generate returns, especially in light of increasingly loose U.S. monetary policies and quantitative easing plans.
The iShares MSCI Mexico Investable Market Index Fund (NYSEArca: EWW) has gained 23.1% year-to-date and is sitting above its 50-day and 200-day moving averages.
iShares MSCI Mexico
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Max Chen contributed to this article.