Related: Trying Times for Mexico ETF

“The new president Andres Obrador is viewed as being likely Trump-friendly on trade,” said Sylvia Jablonski, Managing Director, Capital Markets – Institutional ETF Strategist at Direxion Investments. “He’s a guy that wants to focus on corruption, rising crime and is thought to be fiscally responsible.”

Other Mexico-focused ETFs are up today, including Direxion Dly MSCI Mexico Bull 3X ShsETF (NYSEArca: MEXX)–up 0.84 percent and 22.33 percent the last five days.

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