Mexican stocks (América Móvil, Walmex)
Mexican stocks: América Móvil (telecoms), Walmart de México, FEMSA (Coca-Cola bottler and convenience stores), Banorte. Often pitched as a 'nearshoring' play: as US companies move factories out of China, Mexico is the natural beneficiary.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Benefits from manufacturing moving from China to Mexico
- Solid consumer brands like Walmex and FEMSA
- Mexican peso has been surprisingly stable lately
- Tariff threats from US administrations can hit hard
- Smaller fund and less liquid than big-market ETFs
- Heavy in a handful of names: concentrated bet
About this fund
Tracks MSCI Mexico. Sometimes pitched as a nearshoring play - Mexico benefits from US manufacturing reshoring trends.
Available on Interactive Brokers
Low-cost access to Mexican stocks (América Móvil, Walmex) and 10,000+ funds worldwide.
Frequently asked questions
Is XMES.L accumulating or distributing?
Xtrackers MSCI Mexico UCITS ETF 1C (XMES.L) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for XMES.L?
XMES.L has a total expense ratio (TER) of 0.65% per year. On a $10,000 holding that is roughly $65 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy XMES.L on Interactive Brokers?
Yes. XMES.L trades on LSE, USD and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does XMES.L invest in?
Xtrackers MSCI Mexico UCITS ETF 1C (XMES.L) tracks the MSCI Mexico. Mexican stocks: América Móvil (telecoms), Walmart de México, FEMSA (Coca-Cola bottler and convenience stores), Banorte. You buy one fund and get the whole basket in a single trade.
Is XMES.L a UCITS ETF, and where is it domiciled?
Yes, XMES.L is a UCITS ETF domiciled in Luxembourg. For non-US investors, EU-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is XMES.L?
On the TickerCompare 1 to 5 scale, XMES.L is rated higher risk (5/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.