Tom Lydon (ETF Trends) submits: The Mexican elections might be helping out the Mexico exchange traded fund. iShares MSCI Mexico Fund reached new highs last week and has been on a steady rise since mid-June. Joanne Von Alroth of Investor's Business Daily points out that the rise coincides with the July election of President Felipe Calderon, a conservative who is continuing the free-market policies of the past administration. He has not implemented any new policies, but investors seem confident his leadership will be good for the country. One area of focus is a crackdown on drug cartels to lower the violence in the country.
EWW rose 43% in 2006 and is up 6% this year. The largest holding is America Movil, makes up 24% of the ETF. AMX is a wireless phone company with over 93.3 million customers in 14 countries.
source news : biz.yahoo.com
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