Tags: Donald Trump | ETF | Mexico | NAFTA

Ultimate Trump ETF That Avoids Mexico Starts Trading

Ultimate Trump ETF That Avoids Mexico Starts Trading

(AP)

Monday, 13 February 2017 01:24 PM

President Donald Trump promised during the election to build a wall between Mexico and the southern U.S. border and to renegotiate the North American Free-Trade Agreement.

His election victory has pressured Mexican stocks and the peso, and there’s a new exchange-traded fund that will help investors avoid the country.

The WisdomTree Global Ex-Mexico Equity Fund (XMX) last week started trading to track the WisdomTree Global ex-Mexico Equity Index, which excludes Mexican stocks.

“WisdomTree had some foresight with the creation of XMX as its underlying index was created on Feb. 16, 2016, just after the earliest Republican primaries indicating that Trump was a legitimate contender for the party's presidential nod,” according to Investopedia.

The new ETF features exposure to 24 developed and emerging markets, but U.S. stocks are almost 58% of its weight, the investing website said.

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President Donald Trump promised during the election to build a wall between Mexico and the southern U.S. border and to renegotiate the North American Free-Trade Agreement.
Donald Trump, ETF, Mexico, NAFTA
136
2017-24-13
Monday, 13 February 2017 01:24 PM
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