iShares Inc iShares MSCI Mexico ETF (ARCA: EWW)

에 대한 최신 뉴스 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

Industrials

Basic Materials

Communication Services

Real Estate

Consumer Cyclical

Other

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.

Fomento Economico Mexicano Sab De Cv

iShares MSCI Mexico ETF

Government

Latin America

Emerging Market ETFs

Legal

Global

ETFs

멕시코 금융 자산은 화요일 투자자들이 국내 정치 전개에 부정적으로 반응함에 따라 상당한 매도 압력을 받았다. 많은 사람들이 이를 사법 독립에 대한 위협이자 멕시코의 정의와 민주주의에 대한 잠재적인 타협으로 간주하는 사법 개혁 제안에 대한 우려가 커지고 있다.

사법 개혁에 대한 부정적 반응에 멕시코 주식 하락, 페소는 20개월 만에 최저 기록

News

MSFT

Microsoft To Invest $1.3B Over Next Three Years To Empower Mexico With Cloud And AI

<a href="https://www.youtube.com/watch?v=4jDyPMVkuh4">https://www.youtube.com/watch?v=4jDyPMVkuh4</a>
&nbsp;

Macro Economic Events

Politics

Economics

General

STLA

TSLA

Former President Donald Trump Says We Will Put A 100% Tariff On Every Single Car Coming Across The Mexican Border

Vulcan Materials Says Expropriation Is Yet Another Escalation And New Violation Of Mexico's Commitments Under Regional Trade Agreements

U.S. Senators Seek To Deter Mexico From Taking Over Vulcan Port

On September 5, 2024, U. S. Steel, along with the United Steelworkers union ("USW") and Wheeling-Nippon, has filed antidumping and countervailing duty petitions with the United States Department of Commerce ("DOC") and the United States International Trade Commission ("ITC"), on imports of corrosion-resistant steel ("CORE") from Australia, Brazil, Canada1, Mexico, Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates, and Vietnam.
Duane D. Holloway, Senior Vice President, General Counsel and Chief Ethics &amp; Compliance Officer of U. S. Steel, commented, "As we have for decades, U. S. Steel continues to lead the domestic industry in the fight against unfair trade on behalf of our workers, families, communities, and customers we serve. These new trade cases—the largest filed by U. S. Steel in nearly a decade—will address low-priced and subsidized CORE imports that continue to pour into the U.S. market. These cases aim to restore a level playing field and support our investments in Big River Steel's new dual coating line and second mini-mill in Arkansas, as well as U. S. Steel's CORE facilities across the country."

iShares MSCI Turkey Investable Market Index Fund

U.S. Steel, USW And Wheeling-Nippon Files Antidumping And Countervailing Duty Petitions With The U.S. DOC And The U.S. ITC, On Imports Of Corrosion-Resistant Steel From Australia, Brazil, Canada, Mexico, Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates, And Vietnam

BYDDF

BYD Americas Head Says Firm Has Not Postponed Any Decision About Mexico Plant

<a href="https://www.bloomberg.com/news/articles/2024-09-03/china-s-byd-said-to-pause-mexico-plant-until-after-us-election?srnd=phx-technology">https://www.bloomberg.com/news/articles/2024-09-03/china-s-byd-said-to-pause-mexico-plant-until-after-us-election?srnd=phx-technology</a>
&nbsp;
China&#39;s top electric-vehicle maker <a href="https://www.bloomberg.com/quote/1211:HK">BYD Co.</a> won&#39;t announce a major plant investment in Mexico until at least after the US election, according to people familiar with the matter, as shifting American policy forces global businesses into wait-and-see mode.
BYD was scouting three locations for a car production facility in Mexico but has stopped actively looking for now, several of the people said, asking not to be identified discussing information that&#39;s private.

XPEV

'China's BYD To Pause Mexico Plant Until After U.S. Election' - Bloomberg News

The Mexican peso experienced a positive trading session on Wednesday, advancing 0.5% against the U.S. dollar by 3:00 p.m. ET as President Andrés Manuel López Obrador (AMLO) clarified in a press conference that Mexico&#8217;s diplomatic relationships with the United States and Canada remain intact, while emphasizing that the pause in relations applies only to the embassies of <a href="https://www.benzinga.com/government/24/08/40587519/mexican-stocks-plummet-peso-drops-to-20-month-lows-as-investors-run-from-judicial-reform">both countries within Mexico.</a>
As reported by local newspaper El Economista, AMLO stated, &#8220;The pause in relations is specifically with the Canadian Ambassador (Graeme C. Clark) and the U.S. Ambassador (Ken Salazar) because they should not comment on matters that only concern Mexicans. It is a matter of respect for our country.&#8221;
<h3 class="wp-block-heading">Investor Concerns Over Judicial Reform Persist</h3>
The peso&#8217;s 0.5% gain on Wednesday followed a sharp 1.9% selloff on Tuesday, the steepest one-day decline in two months. The selloff was triggered by negative market reactions to the announcement that Mexico had temporarily halted diplomatic relations with the U.S. and Canada.
Despite the peso&#8217;s recovery, concerns still linger among investors regarding AMLO&#8217;s proposed judicial reform, which aims to subject judges, magistrates, and ministers to popular elections. Critics argue that this reform could lead to the politicization of the judiciary and increase the risk of corruption.
AMLO responded to these concerns by dismissing U.S. diplomats&#8217; warnings that the direct election of judges could threaten Mexico&#8217;s democracy and economic integration with the U.S. and Canada. &#8220;Democracy is about the participation of the people, that the people choose, not the elites of economic or political power,&#8221; the Mexican president said Wednesday
AMLO plans to present the judicial reform to Congress for approval in September, the final month of his term. The reform &#8220;creates an uncertain investment outlook in Mexico,&#8221; as indicated by the Mexican Chamber of the Construction Industry (CMIC) on Wednesday. 
The ruling MORENA coalition, which will be led by incoming President Claudia Sheinbaum, currently holds a two-thirds majority in Congress, allowing them to pursue constitutional reforms.
Investor sentiment towards Mexican assets remains in a precarious state. The peso has already lost 16% of its value against the dollar since late May, primarily due to rising domestic political risks, while Mexico&#8217;s main stock market index has shed nearly 10% of its value during the same period. 
U.S.-listed Exchange-traded funds (ETFs) focused on Mexican equities showed mixed performance on Wednesday. The iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) gained 0.1%, while the Franklin FTSE Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLMX#NYSE">FLMX</a>) slipped 0.4%.
Last month, Fitch Ratings affirmed Mexico&#8217;s sovereign credit rating at &#8216;BBB-&#8216; with a stable outlook. While Fitch noted that the judicial reform could negatively impact Mexico&#8217;s institutional profile, the agency also mentioned that it is too early to assess the full severity of the potential changes before they are approved and implemented.
Read Next:
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Photo: Octavio Hoyos/Shutterstock.com<a href="https://api.whatsapp.com/send?text=https%3A%2F%2Fwww.eleconomista.com.mx%2Fpolitica%2FAMLO-aclara-que-las-relaciones-con-EU-y-Canada-continuan-solo-hay-pausa-con-los-embajadores-20240828-0036.html" target="_blank" rel="noreferrer noopener"></a><a href="https://twitter.com/intent/tweet?text=AMLO%20aclara%20que%20las%20relaciones%20con%20EU%20y%20Canad%C3%A1%20contin%C3%BAan%3B%20s%C3%B3lo%20hay%20pausa%20con%20los%20embajadores&amp;url=https%3A%2F%2Fwww.eleconomista.com.mx%2Fpolitica%2FAMLO-aclara-que-las-relaciones-con-EU-y-Canada-continuan-solo-hay-pausa-con-los-embajadores-20240828-0036.html" target="_blank" rel="noreferrer noopener"></a><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.eleconomista.com.mx%2Fpolitica%2FAMLO-aclara-que-las-relaciones-con-EU-y-Canada-continuan-solo-hay-pausa-con-los-embajadores-20240828-0036.html" target="_blank" rel="noreferrer noopener"></a><a href="https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fwww.eleconomista.com.mx%2Fpolitica%2FAMLO-aclara-que-las-relaciones-con-EU-y-Canada-continuan-solo-hay-pausa-con-los-embajadores-20240828-0036.html" target="_blank" rel="noreferrer noopener"></a>

Emerging Markets

Forex

Econ #s

FLMX

Peso Selloff Pauses As Mexican President Addresses US, Canada Relations, Targets Ambassadors Over 'Respect For Our Country'

Mexican financial assets have come under significant selling pressure on Tuesday as investors react negatively <a href="https://www.benzinga.com/topic/mexico">to domestic political developments. </a>
Concerns are mounting over a judicial reform proposal, which many see as a threat to judicial independence and a potential compromise to justice and democracy in Mexico.
The iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) fell 2.8% by 3:15 p.m. ET, following a 2.3% decline the previous day. The Mexican peso also took a hit, plunging to 19.73 per U.S. dollar, marking its lowest level since late December 2022.
<h3 class="wp-block-heading">The Controversial Judicial Reform</h3>
In February 2024, Mexican President Andrés Manuel López Obrador (AMLO) introduced a highly controversial judicial reform proposal aimed at overhauling the nation's judicial system. The proposed changes include the introduction of popular elections for judges, including those on the Supreme Court, and a significant restructuring of the judicial system's oversight.
The reform has ignited intense political debate and is expected to face a critical vote in Congress by September 2024. This vote comes as AMLO enters the final months of his presidency. 
President-elect Claudia Sheinbaum, who holds a &#8220;supermajority&#8221; in Congress, has voiced strong support for the reform, signaling it will be a priority for her administration.
<h3 class="wp-block-heading">Diplomatic Tensions Rise Amid Concerns Over Judicial Independence</h3>
Tensions between Mexico and the United States have escalated over the judicial reform. 
AMLO stated on Tuesday morning that relations with the U.S. Embassy in Mexico are &#8220;on pause&#8221; following critical remarks from U.S. Ambassador Ken Salazar regarding the proposed changes. Salazar has expressed serious concerns, noting that the reforms could undermine the rule of law in Mexico.
&#8220;Based on my lifelong experience supporting the rule of law, I believe popular direct election of judges is a major risk to the functioning of Mexico's democracy. Any judicial reform should have the right kinds of safeguards that will ensure the judicial branch will be strengthened and not subject to the corruption of politics,&#8221; Salazar said in a statement.
One of the most contentious aspects of the reform is the proposal to elect judges by popular vote, which critics argue could compromise the integrity of the merit-based selection process.
As stated by local Mexican newspaper El Economista, the International Association of Judges (IAJ) has also voiced deep concern, stating that the reforms could jeopardize judicial independence and contravene widely accepted international principles.
<h3 class="wp-block-heading">Rating Agencies, Investment Banks Reject Reform</h3>
The proposed reforms have also raised alarm within the financial sector. AMLO has dismissed warnings from international rating agencies and investment banks regarding the potential economic impact of the judicial reform.
&#8220;Hindering those counterweights weakens certainty, which is valuable for companies when evaluating their investments in the country,&#8221; said David Crisóstomo, director of research and analysis at S&amp;P Global Commodity Insights.
&#8220;The proposed judicial reforms in Mexico could negatively affect the investment appetite and business environment of non-financial corporates if their implementation impedes the autonomy and quality of the judicial system,&#8221; Fitch Ratings said last month.
Fitch Ratings raised concerns that Mexico&#8217;s proposed judicial reform could dampen nearshoring opportunities to the United States, particularly in sectors tied to manufacturing, export-oriented industries, and industrial real estate. The rating agency warned that, under this scenario, Mexican companies might experience a more challenging operating environment characterized by slower economic growth. 
Last week, Morgan Stanley downgraded its recommendation on Mexico to Underweight, implying that the country's stocks are expected to underperform relative to the region. This downgrade came in response to the proposed judicial changes, reflecting broader concerns about the country's economic stability.
Read now: 
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Photo: Richie Chan/Shutterstock.com

Mexican Stocks Plummet, Peso Drops To 20-Month Lows As Investors Run From Judicial Reform

Mexico President Says There Is "Pause" In Relationship With U.S. Embassy In Country After Ambassador's Comments On Proposed Judicial Reform

Mexico President Says 'There Is Nothing Rational' That Could Cause A Break In Trade Integration With The United States

President Of Mexico Says Tesla's Musk's Comment On The Possibility Of Not Investing In Mexico "Is Not Serious", Saying He "Must Have Another Business Plan"

Arcelor Mittal Asks Mexican Authorities To Enforce Rule Of Law And Guarantee Security In The Municipality Where It Operates

President Of Mexico Will Send Letter To Former President Donald Trump About Migration And The Importance Of Economic Integration, Says Donald Trump "Is Not Well Informed"

Fitch Affirms Mexico's Long-Term Foreign-Currency IDR At 'BBB-' With Stable Outlook; Notes Proposed Judicial Reforms Could Negatively Impact Institutional Profile; Uncertainty Over Incoming Administration's Efforts To Narrow Deficit Consistent With Stable Debt/GDP; Expects Economic Activity To Pick Up For Rest Of Year After Weak Q1; Anticipates Slight Slowdown In Economic Growth Next Year

Patents Include U.S., China, Canada, Hong Kong, And Mexico; Expects Significant Contribution To Growth In Multi-Billion Unit Market As Market Penetration Increases

SKYX

SKYX Technologies Announces Production Start Of Global Patented Advanced Smart Plug & Play Recessed Light

CRWD

CrowdStrike Announces Partnerships With Ingram Micro, M3Corp, and TEAM Mexico to Accelerate Adoption of Falcon Platform in Latin America; Strategic Distributors to Drive Vendor Consolidation and Enhance Security Solutions for Regional Partners

Mexico Governor Says Mexico, U.S. Reach Deal To Restart Avocado Inspections; U.S. Avocado Exports To Restart With Inspections

Mexico's Sonora State Governor Says Ford Launches Pilot Project To Ship To Chile Cars Manufactured At Hermosillo, Mexico Plant From Nearby Guaymas Port; Shipping Vehicles From Guaymas Port Could Cut Logistics Costs For Ford By 30%; Guaymas Port Still Expanding, Eying Containers From Asia; Second Stage Of Mexican President's 1 GW 'Sonora Plan' Solar Plant To Be Inaugurated In Several Weeks; Mexico Law Nationalizing Lithium Still Needs Regulatory Clarification To Know How Private Firms Could Participate

&nbsp;-Reuters Citing el Universal

U.S. Government Temporarily Suspended Avocado Imports From Mexico's Michoacan State Beginning Last Saturday Due To Security Incident

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Remaining Cautious On Mexico And iShares MSCI Mexico ETF

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Chinese equities, as proxied by the MSCI China ETF MCHI, are now up close to 26% since September 13th.

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iShares Inc iShares MSCI Mexico ETF

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에 대한 최신 뉴스 iShares Inc iShares MSCI Mexico ETF (ARCA:EWW)

수요일, 8월 28, 2024

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