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2 ETFs Closer to Home

Whereas EWC is an effective proxy for investors looking for a general play on the economic recovery, the Mexico ETF looks like a promising option for investors looking for a play on the consumer recovery.

EWW sets aside the largest percentages of its portfolio to companies in the telecommunications and consumer staples sectors, which account for over half of the fund's portfolio.

A more top-heavy fund than EWC, EWW's index is spearheaded by Carlo Slim's telecommunication empire America Movil (AMX - Get Report). Although AMX is only one of the 44 positions underlying the fund, it represents close to a quarter of the fund's index alone.

The remainder of the fund's top five positions includes Wal-Mart de Mexico (WMMVY), Grupo Mexico (GMBXF), Fomento Economico Mexicano (FMX), Grupo Televisa (TV) and Cemex (CX - Get Report).

ETFs have opened the doors for investors, allowing them to expand their investing horizons well beyond the shores of the United States. However, when considering the numerous global products available in hopes of creating an effective international portfolio, sometimes the strongest options can lie closest to home.

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management owned iShares MSCI Mexico Index Fund.

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.
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EWC $25.26 0.32%
EWW $53.41 -1.20%
ABX $17.55 5.70%
AMX $13.98 -10.90%
CX $7.57 0.66%


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