Dallas, Texas 10/21/2013 (Financialstrend) – iShares MSCI Mexico Inv. Mt. Idx. (ETF) (NYSEARCA:EWW) is an exchange traded fund. It has paid out dividend of $0.65 per share over the past 12 months. This translates into a forward yield of 1%.
The exchange traded fund envisions earning returns from investments which would align or exceed performance of stock which are trading on the Mexican browsers. The key bench mark index it relates to is the “MSCI Mexico Index”. The MSCI index lists companies which qualify on set criteria and reviews the listing quarterly. This exchange traded fund’s investment advisor is Barclays Global Fund Advisors.
Over the past few quarters the fund shares are facing acute loss of investor confidence. It has seen its market capitalization diminish by 8.9% over the past 6 months. In the past month it has shed 4% of its value. During trading over past week it has slowed down the rate of decent. It has depreciated by close to 0.36% in the same period. At current valuations it is trading 4.5% less than its 200 day rolling average.
This sustained downward trend is in contrast to the overall positive revenue garnered by investment banking firms in Mexico over the past 12 months. As per data released by Dealogic, revenue from Fy13 investment banking has jumped up 41% in comparison to previous year. In the first three quarters of this fiscal, the investment banking operations in Mexico has yielded $556 million. Broadly classified, the investment banking operations are tracked under four different headers. Of these the ECM segment has seen a huge 300% increase in revenue from its previous year operations. Consumer, retail and real estate sectors contributed the maximum to this huge jump in revenue. As of close of business on October 18, the shares of the ETF had settled at $65.59 per share.