Mexico ETFs Get Help From Surprise Rate Cut

The Global X FTSE Colombia 20 ETF (NYSEArca: GXG) has been more than five times better than EWW this year.

The surprise rate cut sent the peso lower by 0.2% against the greenback, boosting the db X-trackers MSCI Mexico Hedged Equity Fund (NYSEArca: DBMX) by almost 1%. DBMX, which features a short peso component, is trading near its highest levels since its late January debut. The currency hedged Mexico ETF has outperformed its unhedged rival by 100 basis points this year.

iShares MSCI Mexico Capped ETF