The Mexican equity market tumbled following the new left-wing government proposal to prohibit some banking fees, such as loan commissions. Usually controlled by the nation’s central bank, this proposition may put its independence in jeopardy. Investors are wondering how much damage will the new government inflict on the private sector. The 15 ETFs exposed to Mexican Stocks recorded an average daily performance of -6.48% combined to $ -89 million of outflow on Wednesday, November 8th. This tough day doubles the 1-month cumulative losses, which now bottom at -12.76%. This segment gathers $ 4.3 billion of assets under management.