iShares Inc iShares MSCI Mexico ETF (ARCA: EWW)

Últimas noticias sobre iShares Inc iShares MSCI Mexico ETF (ARCA:EWW)

iShares Inc iShares MSCI Mexico ETF

iShares MSCI Mexico Capped Investable Market Index Fund

Consumer Defensive

Financial Services

Basic Materials

Industrials

Communication Services

Real Estate

Consumer Cyclical

Healthcare

The Fund seeks to track the investment results of the MSCI Mexico IMI 25/50 Index (the Underlying Index), which is a free float-adjusted market capitalization-weighted index that is designed to measure the performance of the large-, mid- and small-capitalization segments of the equity market in Mexico. The Underlying Index is rebalanced quarterly using an optimization process that aims to minimize the constituent weight differences between the Underlying Index and the MSCI Mexico Index (the Parent Index). The Underlying Index uses a capping methodology that limits the weight of any single group entity (constituents that MSCI determines have a control relationship) to a maximum of 25 Pecent of the Underlying Index weight, and the sum of all group entities with a weight above 5% to an aggregate of 50 Pecent of the Underlying Index weight. A group entity is a group of companies that operate as an affiliated corporate group but may separately issue listed securities.

Grupo Financiero Banorte Sab De Cv

iShares MSCI Mexico ETF

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Analyst Color

Latin America

Macro Economic Events

Emerging Markets

Emerging Market ETFs

Economics

Markets

Analyst Ratings

ETFs

GRBMF

JPMorgan advierte sobre la inminente recesión en México, con una contracción del PIB del 1,5% en el primer trimestre.

Recesión en México es inevitable, según análisis de JPMorgan: PIB se contraerá un 1,5%

Donald Trump propone un arancel del 25% a México y Canadá, debilitando el peso y el dólar canadiense. Conoce el impacto económico.

Peso mexicano y dólar canadiense caen tras amenaza de aranceles de Trump

News

Global

Canada's Carney Says If He Wins April 28 Election, His Government Will Set Up A Trade Diversification Fund; Gov't Will Strengthen The Security Of Ports To Help Stop The Traffic Of Drugs Such As Fentanyl As Well As Guns; New Trade Diversification Fund Will Have C$5 Billion In Funding; Canada's System Of Agricultural Supply Management Will Never Be On The Table In Talks With The U.S.; Says He Will Meet Trump, Talk With Trump Was Very Cordial; Says It's Not Clear Whether There Will Be New Trade Discussions

Politics

General

STLA

TSLA

President Trump Says Don't Think Americans Should Buy Cars Now To Avoid Tariffs

Mexican President Sheinbaum Says The Door Is Open To Talks With The US; We Will Do What Is Best For Mexico

Government

Mexican Economy Minister Ebrard Says We Are At A Negotiating Table With US Commerce Secretary To Protect Autoparts Made In Mexico

<a href="https://www.wsj.com/politics/policy/trump-considers-more-limited-tariff-plans-09b36d26?mod=latest_headlines" title="https://www.wsj.com/politics/policy/trump-considers-more-limited-tariff-plans-09b36d26?mod=latest_headlines">https://www.wsj.com/politics/policy/trump-considers-more-limited-tariff-plans-09b36d26?mod=latest_headlines</a>

'U.S. Weighs Excluding Auto Parts From Tariffs' - WSJ Citing Moreno

White House Says President Trump To Hold Press Conference At 4 p.m. ET To Announced Auto Tariffs

<a href="https://www.bloomberg.com/news/articles/2025-03-26/trump-prepares-auto-tariff-announcement-as-soon-as-wednesday" title="https://www.bloomberg.com/news/articles/2025-03-26/trump-prepares-auto-tariff-announcement-as-soon-as-wednesday">https://www.bloomberg.com/news/articles/2025-03-26/trump-prepares-auto-tariff-announcement-as-soon-as-wednesday</a>

'President Trump Prepares Auto Tariff Announcement As Soon As Wednesday' - Bloomberg News

Commodities

Head Of Mexico's PMI Says Company Is Actively Looking For New Markets For Motor Fuel Imports And Crude Oil Exports Amid US Tariff Risks

Mexico's economy is <a href="https://www.benzinga.com/topic/recession">slipping into recession</a>, and according to JPMorgan analyst Steven Palacio, it's no longer a question of if, but how deep. 
"We now think a recession is unavoidable" due to weak economic momentum, declining private consumption, and sluggish manufacturing, Palacio warned.
The bank now expects first-quarter gross domestic product (GDP) to shrink by 1.5% quarter-over-quarter on an annualized basis. That&#8217;s a sharp revision from its previous forecast of 0.5% growth. This follows a 2.5% GDP decline in the fourth quarter, putting Mexico on track for a full-year contraction of 0.2%.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44360564/trumps-tariffs-could-fuel-inflation-in-canada-mexico-warns-economic-expert">Trump&#8217;s Tariffs Could Fuel Inflation In Canada, Mexico Warns Economic Expert</a>
<h2 class="wp-block-heading">A Shrinking Economy, Weak Consumer Demand</h2>
JPMorgan&#8217;s latest data shows Mexico&#8217;s GDP proxy was down 0.2% in January, following a 1.1% month-over-month drop in December. 
"Momentum was already weak coming into the new year," Palacio noted, adding that January's GDP level is tracking a 3.1% annualized contraction in the first quarter. Services, which had already declined 0.8% in December, remained flat in January, further confirming a deteriorating growth outlook.
Palacio pointed out that Mexico's economic drivers have shifted significantly.
"For many quarters domestic demand single-handedly drove growth, largely driven by private consumption, but also by investment,&#8221; he added.
Investment was the first to falter, followed by private consumption, which is now feeling the strain of slowing job creation. External demand, particularly in manufacturing, has failed to offset these weaknesses, as production has remained inconsistent.
<h2 class="wp-block-heading">Inflation Easing, Rate Cuts Incoming</h2>
While economic growth deteriorates, inflation is cooling faster than expected. Core inflation has dropped to 3.56% year-over-year, with core services inflation finally slipping below 5%. Palacio noted, "The downward pull from cyclical weakness in the economy is becoming more noticeable in non-tradable prices." He also highlighted a decline in housing inflation, with non-tourism services now following the same trend.
Given these developments, JPMorgan sees an increasingly dovish stance from the Bank of Mexico (Banxico). Palacio believes the case for "back-to-back 50 basis point rate cuts at least in the next couple of meetings is strong," with risks skewed toward even deeper easing. The bank continues to project a year-end interest rate of 7.5% but sees further downside potential.
<h2 class="wp-block-heading">Investor Implications: ETFs, Stocks To Watch</h2>
With Mexico's economic downturn accelerating and inflation cooling, investors should brace for further volatility in the Mexican peso and local equities. The iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>), which tracks major Mexican stocks, could face downward pressure if GDP contracts as sharply as JPMorgan predicts. 
Key Mexican companies with exposure to domestic demand, such as Grupo Bimbo SAB de CV (OTCPK:GRBMF) and Walmart Inc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) Mexican entity, Walmart de México y Centroamérica, could also be impacted as consumer spending weakens.
Palacio's note follows a <a href="https://www.oecd.org/en/publications/oecd-economic-outlook-interim-report-march-2025_89af4857-en.html" target="_blank" rel="noreferrer noopener">report</a> from the Organization for Economic Cooperation and Development, which blames the global trade war for hurting Mexico&#8217;s economy.
With Mexico's growth story shifting from expansion to contraction, investors will need to adjust their strategies accordingly.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/03/44473410/trumps-tariff-rates-could-be-double-what-market-participants-expect-goldman-sachs-warns">Trump&#8217;s Tariff Rates Could Be &#8216;Double What Market Participants Expect,&#8217; Goldman Sachs Warns</a></li>
</ul>
Image: Shutterstock

'Recession To Hit' Mexico, Says Analyst As GDP Contracts, Inflation Eases, Banxico Faces Pressure

<a href="https://www.ft.com/content/114ceb19-86ef-43a0-9f45-7d45300c3ffd" title="https://www.ft.com/content/114ceb19-86ef-43a0-9f45-7d45300c3ffd">https://www.ft.com/content/114ceb19-86ef-43a0-9f45-7d45300c3ffd</a>

Financial Times Reported Donald Trump Considers Two-step Tariff Regime On April 2

The latest forecast from the Organisation for Economic Co-operation and Development announced a particularly stark warning <a href="https://www.benzinga.com/news/econ-s">for North American economies. </a>
The institution's latest report warns that escalating tariffs combined with persistent inflation and policy uncertainty could drag Mexico into a recession while sharply slowing Canada's economy.
Although the U.S. economy continues to grow, signs of strain are emerging and economists are increasingly concerned that trade barriers imposed under Trump&#8217;s policies could exacerbate economic challenges by fueling inflation and prolonging tight monetary policy.
<h1 class="wp-block-heading">North America's Growth Outlook Deteriorates</h1>
The Paris-based OECD downgraded its projections for all three of North America&#8217;s major economies in its March 2025 Economic Outlook Interim Report.
Economic growth in the U.S. is now expected to reach 2.2% in 2025, a decline of 0.2 percentage points from the institution's December forecast. The pace of expansion is forecast to slow further to 1.6% in 2026 as the economy absorbs the impact of tight monetary policy and rising trade restrictions.
Canada's outlook has weakened even more, with growth now projected at just 0.7% for 2025. The revision marks a steep 1.3 percentage-point downgrade from previous estimates, underscoring the mounting challenges for an economy heavily reliant on trade with its southern neighbor. 
Mexico's economic prospects have taken the hardest hit, with the OECD now predicting a 1.3% contraction in 2025, a drastic downward revision of 2.5 percentage points that signals a looming recession. Growth in Mexico is expected to remain negative in 2026, with output declining by an additional 0.6%.
<h1 class="wp-block-heading">Tariffs, Trade Wars Cloud Region Outlook</h1>
&#8220;These projections are based on an assumption that bilateral tariffs between Canada and the United States and between Mexico and the United States are raised by an additional 25 percentage points on almost all merchandise imports from April,&#8221; the OECD said. 
Mexico has not yet introduced specific trade policy changes but has indicated a general intention to retaliate should Washington proceed with its tariff increases. 
Given their deep trade ties with the U.S., both Canada and Mexico are particularly vulnerable to the economic fallout, with the OECD warning that "such tariffs are likely to be particularly costly for Canada and Mexico due to their greater openness to trade, and high proportion of trade with the United States."
&#8220;Greater policy uncertainty can be expected to hold back spending decisions by companies and households, particularly on longer-term items such as fixed capital investment and durable goods.&#8221;
<h1 class="wp-block-heading">Trade Tariffs Fuel Inflation Risks</h1>
The report also highlights growing concerns over inflation, as higher trade costs ripple through supply chains and push up consumer prices.
"Increased trade costs are expected to feed through gradually to final goods prices, putting additional upward pressure on inflation in many countries and requiring monetary policy to remain restrictive for longer than previously expected," the OECD stated. 
In the U.S., inflation is now projected to rise to 2.8% in 2025, an upward revision of 0.7 percentage points from December estimates. Canada's inflation rate has also been revised higher to 3.1%, while Mexico's is now expected to reach 4.4%.
&#8220;If the announced trade policy actions persist, as assumed in the projections, the impact of higher costs will be amplified where inputs cross borders several times and duties are incurred at each stage, as is the case in the integrated North American market," the OECD said.
<h1 class="wp-block-heading">Uncertainty Weighs On Consumption And Investments</h1>
Uncertainty over trade policy is also discouraging business investment across the continent. Companies are hesitant to commit to capital expenditures in an environment where tariffs and trade rules are shifting unpredictably. 
Recent economic data already suggest that sentiment is deteriorating. 
"Consumer confidence generally dipped further in early 2025 and remains below long-run average levels despite strong growth in real incomes in many economies," the report noted. In the U.S., "personal real consumer spending declined in January."
The OECD also warned of potential volatility ahead, as any surprises — whether a resurgence in inflation or weaker-than-expected economic growth — could quickly ripple through global markets.
"A resurgence of inflation or downside surprises to economic growth could trigger a rapid repricing in financial markets and a further rise in market volatility," the report said.
Moreover, &#8220;higher-than-expected inflation would prompt more restrictive monetary policy.&#8221;
The iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) traded 0.6% higher on Monday, eyeing its fifth straight session of gains. Canadian stocks gained substantially; the iShares MSCI Canada Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>) rose by 1.1%, yet the fund has fallen by 5% from a month ago.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44357674/restaurant-sales-sink-recession-warning-or-just-weather-driven-dip">Restaurant Sales Sink: Recession Warning Or Just Weather-Driven Dip?</a></li>
</ul>
Photo: Shutterstock

Equities

Econ #s

Trump's Tariffs Could Fuel Inflation In Canada, Mexico Warns Economic Expert

<a href="https://www.bloomberg.com/news/articles/2025-03-12/mexico-holds-off-tariff-retaliation-as-sheinbaum-bets-on-us-deal" title="https://www.bloomberg.com/news/articles/2025-03-12/mexico-holds-off-tariff-retaliation-as-sheinbaum-bets-on-us-deal">https://www.bloomberg.com/news/articles/2025-03-12/mexico-holds-off-tariff-retaliation-as-sheinbaum-bets-on-us-deal</a>

Mexico Delays Its Response To U.S. Tariffs On Steel And Aluminum Imports As President Claudia Sheinbaum Avoids Retaliation While Both Countries Negotiate To Avert Levies On A Wide Range Of Products And Services-Bloomberg

Mexico President Claudia Sheinbaum Says We Want A Good Part Of Auto Makers' Production In Mexico To Be For Local Market

Mexico President Claudia Sheinbaum Says Very Likely That Portions Of USMCA Agreement Will Start Being Looked At Before 2026 Review

Mexico President Claudia Sheinbaum Says Agreement To Pause Tariffs On Mexico's USMCA-Compliant Goods Is Until April 2; We Will Also Work Together On Crossing Of Guns Into Mexico

Mexico President Claudia Sheinbaum Says Call With Trump Was 'Excellent And Respectful'; We Will Keep Working Together Particularly On Migration And Security, Particularly Crossing Of Fentanyl Into U.S.

U.S. Secretary of Commerce Lutnick Says My Expectation Is April 2 Reciprocal Tariff Rates Start High And Then Starts Coming Down; Thinks Over 50% Of Canada And Mexico Products Are USMCA Compliant, Says That Is An Off The Cuff Estimate; We Know Exactly What The President Wants, Suggestion His Advisers Don't Know What He's Thinking Is 'Silly'

U.S Weighs One-Month Delay Of Auto Tariffs On Canada, Mexico

Automaker Group Warns Trump Tariffs On Canada, Mexico Will Increase Price Of Some Vehicle Models By As Much As 25%; United Auto Workers Union Praises Trump Tariffs On Canada, Mexico, Saying Move Will Help End "The Free Trade Disaster"

Starting Tuesday, U.S. President Donald Trump vowed to impose a 25% tariff on imported goods from Mexico and Canada and to double tariffs on <a target="_blank" href="https://www.benzinga.com/news/global/25/02/44010093/trumps-plan-for-canada-mexico-china-tariffs-to-start-march-4-could-shake-stock-market" rel="noreferrer noopener">those from China to 20%</a>.
Some GDP forecasts have turned negative, and consumer spending unexpectedly fell in January, raising concerns about economic growth. Inflation remains stubborn, with January's Consumer Price Index rising 3%, <a target="_blank" href="https://www.benzinga.com/news/25/03/44092335/trumps-tariffs-threaten-canada-mexico-china-and-american-wallets" rel="noreferrer noopener">exceeding economists' expectations</a>.
Tariffs could push prices even higher since they typically raise costs. Canada, Mexico, and China have warned they will respond with their own tariffs, increasing the risk of a trade war. If inflation stays above the Federal Reserve's 2% target, interest rates may stay high for longer than anticipated.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44114754/stock-market-sell-off-history-shows-sp-500-rebounds-after-big-drops" rel="noreferrer noopener">Stock Market Sell-Off: History Shows S&amp;P 500 Rebounds After Big Drops</a>
On Tuesday, Mexican President Claudia Sheinbaum said there was no justification for Trump's 25% tariffs on imports from Mexico and that her government would respond with tariff and non-tariff measures.
"There is no reason, rationale or justification to support this decision that will affect our people and nations &#8230; Nobody wins with this decision,"
Mexico decided to wait until Sunday.
Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-03-04/mexico-s-sheinbaum-to-announce-trump-counter-measures-sunday?srnd=homepage-americas&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a> that the Mexican peso slumped as much as 1.5% against the U.S. dollar on Tuesday.
Mexico ETFs, iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) and Franklin FTSE Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLMX#NYSE">FLMX</a>) were down 2.47% and 2.73%, respectively.
Trump <a target="_blank" href="https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-proceeds-with-tariffs-on-imports-from-canada-and-mexico/" rel="noreferrer noopener">said</a> Monday that Mexico, Canada, and China haven't done enough to stop fentanyl and its chemicals from reaching the U.S. In response, Sheinbaum said Mexico has worked with the U.S. on migration, security, and drug trafficking efforts.
The Mexican president dismissed the claim as "offensive, baseless, and defamatory," AP News wrote.
She then <a target="_blank" href="https://apnews.com/article/trade-war-mexico-trump-9cefdded035a0b35e700a7ba0bfc34b4" rel="noreferrer noopener">highlighted</a> her administration's efforts against drug cartels, mentioning the seizure of over a ton of fentanyl and the shutdown of 329 meth labs. She also pointed out that Mexico recently extradited 29 cartel members to the U.S.
On Tuesday, China hit back at Trump's recent tariff hikes by placing its own tariffs on certain U.S. goods, sanctioning American companies, and planning to file a complaint with&nbsp;<a target="_blank" href="https://www.benzinga.com/general/health-care/25/03/44110625/us-firm-illumina-faces-setback-as-china-blocks-imports-amid-escalating-trade-war" rel="noreferrer noopener">the World Trade Organization</a>.
Beijing has imposed a 15% tax on American poultry, wheat, corn, and cotton in response to the U.S. doubling tariffs on Chinese products. A 10% tariff will also apply to soybeans, pork, beef, and other food items.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/03/44110273/trump-tariffs-will-raise-prices-within-days-target-ceo-says" target="_blank" rel="noreferrer noopener">Trump Tariffs Will Raise Prices ‘Within Days,' Target CEO Says</a></li>
</ul>
Image via Shutterstock

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After China, Mexico To Hit Back Against Trump's Tariffs, Raising Trade War Risks

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iShares Inc iShares MSCI Mexico ETF

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