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 punctuated July with a broad-based retreat that sent the S&P 500 lower by 2.0% with all ten sectors ending in the red. The benchmark index posted a monthly decline of 1.5%, while the Russell 2000 (-2.3%) underperformed to end the month lower by 6.1%.
To get a better feel for what led to today's retreat, we'd like to look back to Wednesday, when the market had ample reason to rally, but did not. Instead, it ended basically flat after a sloppy day of ... More
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