ETFs seeking to replicate the evolution of Mexican stocks indices experienced a great market session yesterday with a positive daily performance standing at +1,43% as well as $+14,80M of new shares created via the primary market. Mexican stocks are rallying since the 8th of December and the Mexican peso strengthened against the dollar. Improving economic indicators as well as Mexican officials appearing to settle labor controversy in the USMCA pact may have put Latin American equities and more particularly Mexican stocks on course for the best month of the year in terms of performance since January 2019. Year-to-date, 14 ETFs included in the segment progressed on average by +16,11%. Over the same period, the segment collected $+396,5M of new shares. 14 funds tracking 11 indices are included in the segment for $5,4Bn of assets under management.
TrackInsight: Mexican stocks are on the rise
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