Mexico, Latin America’s second-largest economy behind Brazil, is often one of the largest geographic exposures in emerging markets bond ETFs.

“EMLC is the largest and most liquid U.S. listed ETF providing access to emerging markets local currency bonds. It seeks to track the J.P. Morgan GBI-EMG Core Index (GBIEMCOR), which is comprised of bonds issued by emerging markets governments and denominated in the local currency of the issuer,” according to a statement from the issuer.

EMLC’s annual fee was recently trimmed to 0.30% per year, or $30 on a $10,000 investment, from 0.42%.

“Mexico is on solid ground, with its current-account deficit near a six-year low, inflation slipping sharply, and sovereign debt payments for this year comfortably funded,” according to Barron’s.

For more on the bond market, visit our Fixed Income Channel.