America Movil Drags Mexico ETF Lower
Editor's Note: This content was originally published on Benzinga.com by The ETF Professor Benzinga Staff Writer. Shares of the iShares MSCI Mexico Capped Investable Market Index Fund (NYSEARCA:EWW) the lone ETF exclusively devoted to Latin America's second-largest economy are trading lower by 1.3% in early trading Wednesday and the catalyst behind EWW's drop is easy to spot. The US-listed shares of America Movil (NYSE:AMX) are off nearly 9% on volume that is nearly double the daily average after the company reported an 8.2% drop in fourth-quarter profit. America Movil Latin America's largest mobile phone carrier said revenue for the ...
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