Mexico ETF Sees Outflows Over Gloomy Outlook on Trump’s Tariffs
- iShares MSCI Mexico ETF recorded $142m in outflows last week
- The fund’s market cap slumped around $1b from an April peak
The Bolsa Mexicana de Valores SAB, Mexico's stock exchange, stands in Mexico City, Mexico, on Monday, Dec. 3, 2018.
Photographer: Cesar Rodriguez/BloombergThis article is for subscribers only.
An exchange-traded fund tracking Mexican stocks posted its biggest outflow of money last week since July, the latest stage in a long-term selloff as threats to trade with its North American neighbor mounted.
The $1.1 billion iShares MSCI Mexico ETF, known by its ticker EWW, recorded $142 million in outflows in the week through Dec. 13. The losses brought the reduction in its total value since April to about $1.1 billion.