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The iShares MSCI Mexico ETF is designed to mirror the investment performance of a comprehensive index consisting of shares from a diverse range of companies operating in Mexico.

Although not uniform across the region, a number of Latin American equity markets have outperformed the S&P 500 year to date (YTD). Emerging markets in Peru, Colombia, Brazil, and elsewhere have all beaten the S&P's 9% YTD returns, thanks to a combination of factors, including higher prices for certain commodities, growing AI-related demand for outputs such as copper, lithium, and nickel, and favorable company valuations.

I am revisiting the iShares MSCI Mexico ETF (EWW), which has outperformed the S&P 500 and maintained strong momentum into 2026. EWW benefits from the U.S. increasing reliance on Mexican supply chains, especially as import origins shift away from China. Geopolitical risks at the U.S.-Mexico border have not materially impacted goods flow, supporting EWW's continued strength.

The U.S.-Mexico-Canada Agreement, or USMCA, affects $2 trillion in trade and is crucial for all three economies.

Exports of manufactured goods increased by 34% to $65.69 billion, mining exports rose 71% to $2.08 billion, and agricultural exports edged up 0.1% to $2.23 billion.

In less than a month, the 2026 FIFA World Cup kicks off across the United States, Canada, and Mexico, running June 11 through July 19, 2026.