Top picks 2013: iShares MSCI Mexico Investable ETF
This exchange traded fund focused on Mexico-based stocks, is set to be a top performer in the coming year.
Our favorite stock pick for the year ahead is iShares Mexico Investable Index ETF (EWW). It was a good performer in 2012, gaining 34% and, in our view, this will likely continue in 2013.
Despite the bad public relations, Mexico has quietly been playing catch up. As Latin America's second largest economy, its growth was greater than Brazil's last year and it's poised to outperform again this year.
Higher wages in China have provided a boost to Mexico's manufacturing sector and exports are expected to surge. Other sectors are also picking up, including oil and gas.
Meanwhile, Mexico's stock market has been one of the world's top performers and many have wondered why. Stocks lead and the market is telling us that Mexico will likely be an upcoming emerging market winner, so it's best to get on board.
As such, we rate the iShares Mexico exchange-traded fund as our top investment idea for the coming year.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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