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. 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). 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.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Canada ETF where we have detected an approximate $95.0 million dollar outflow -- that's a 3.8% decrease week over week (from 92,900,000 to 89,400,000). START SLIDESHOW:Click here to find out which 9 other ETFs experienced notable outflows » The chart below shows the one year price performance of EWC, versus its 200 day moving average: Looking at the chart above, EWC's low point in its 52 week range is $26.69 per share, with $33.11 as the 52 week high point — that compares with a last trade of $26.82.