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.
More from TheStockAdvisors.com
MORE ON MSN MONEY
VIDEO ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
[BRIEFING.COM] The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed's monetary policy support.
The bullish bias was evident in premarket action as the S&P futures pointed to a higher start without the benefit of any definitive news catalyst. Stocks indeed benefited from a blast of buying interest at the opening bell on this ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|