However, it is clear the sliding peso has chased some investors out of EWW.
“Year to date, EWW has seen more than $457 million leave the fund thanks to redemptions, and the fund is on a brutal losing streak coming into today’s trading, flirting with its lowest levels of the year,” said Street One Financial Vice President Paul Weisbruch in a note out Wednesday. [ETF Chart of the Day: Adios to Mexico]
Said another way, EWW has lost more assets this year than the equivalent Brazil, Chile, Colombia and Peru ETFs combined.
iShares MSCI Mexico Capped ETF
