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). Although AMX is only one of the 44 positions underlying the fund, it represents close to a quarter of the fund's index alone.
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