- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Mar 18, 1996
- Business
- iShares MSCI Mexico ETF (EWW) is an exchange-traded fund that seeks to track the investment results of the MSCI Mexico IMI 25/50 Index, a broad-based index composed of Mexican equities traded primarily on the Mexican Stock Exchange. The fund provides passive exposure to a market-cap-weighted portfolio of Mexican companies across all capitalization sizes, employing a capping methodology to ensure no single constituent exceeds 25% of the index weight and the aggregate weight of those over 5% is capped at 50% to meet regulated investment company requirements; top holdings as of September 30, 2025, include Grupo Mexico B (11.67%), Grupo Financiero Banorte (11.01%), America Movil B (8.04%), Fomento Economico Mexicano (7.15%), and Walmart de Mexico V (6.80%), with key sectors encompassing consumer staples (26.77%), materials (22.47%), financials (18.96%), industrials (12.59%), and communication services (10.43%). Managed by BlackRock Fund Advisors under iShares, Inc., a subsidiary of BlackRock, Inc., EWW features a gross expense ratio of 0.50%, semi-annual distributions, and approximately $2.20 billion in net assets with 32.3 million shares outstanding as of late 2025.
Launched on March 12, 1996, and headquartered in the United States with shares listed on NYSE Arca and other exchanges including Bolsa Institucional de Valores (Mexico) and Santiago Stock Exchange (Chile), the ETF targets investors seeking diversified exposure to Mexico's equity market, including growth and value stocks across diversified sectors. Geographically, it focuses exclusively on companies operating in Mexico, serving institutional and retail investors globally through major shareholders such as M&G Plc, Goldman Sachs Group Inc., Morgan Stanley, UBS Group AG, and others holding over 23 million shares.
In recent developments, EWW experienced significant fund flows of $159.26 million over the past year amid a strong rally, with assets under management reaching $2.25 billion and a year-to-date total return of approximately 48% as of late 2025, reflecting robust U.S.-Mexico trade relations under the USMCA despite upcoming renegotiations. The fund maintained its Morningstar Bronze medalist rating (effective September 30, 2025) and continued tracking the MSCI Mexico IMI 25/50 Index without structural changes such as index switches, fee adjustments, or new share classes in 2024-2025, while BlackRock launched unrelated active ETFs like iShares Dynamic Equity Active ETF (BDYN) and iShares Disciplined Volatility Equity Active ETF (BDVL) from its Global Allocation franchise. No major acquisitions, partnerships, or product launches specific to EWW were reported in the last 1-2 years.