Unexpected Rate Cut Helps Mexico ETF Rally
September 09, 2013 at 15:30 PM EDT
In a surprise move, Mexico’s central bank slashed the country’s key rate to a record low, supporting the anemic economy and bolstering the country-specific exchange traded fund. The iShares MSCI Mexico Capped ETF (NYSEArca: EWW) was up more than 3% on Monday to follow up on...