Cinco De Mayo Special: Small Cap Mexico ETF (MEXS) Begins Trading

Global X took a unique approach to celebrating a holiday dedicated to the Mexican army’s defeat of French troops at Puebla; the issuer debuted the first U.S.-listed ETF offering exposure to small cap Mexican stocks. The Global X Mexico Small-Cap ETF (MEXS) will seek to replicate the Solactive Mexico Small-Cap Index, a benchmark that consists of about 28 small cap companies that are domiciled in Mexico or maintain their primary business operations in Mexico. MEXS is the second pure play Mexico ETF, hitting the market more than 15 years after iShares debuted its MSCI Mexico Index Fund (EWW). That fund, which has close to $1.7 billion in assets, is comprised primarily of giant and large cap stocks; small caps make up less than 10% of holdings. ProShares also offers 200% leveraged (UMX) and -200% leveraged ETFs (SMK) designed to amplify daily exposure to the MSCI Mexico Index. Recent innovation in [...] Click here to read the original article on ETFdb.com. Related Posts: Harvard Endowment Hearts ETFs ETFs For The “Next 11″ Economies A Closer Look At The Mexico ETF (EWW) Beyond the BRIC: Ten Country-Specific Emerging Markets ETFs World Cup Of ETFs: Plays On All 32 Countries