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World's worst currency sparking outflows from Mexico

Tuesday, February 2, 2016

Traders are pulling money from Mexico’s biggest exchange-traded stock fund at the fastest pace in seven months, tracking the tumble in the nation’s currency.

The iShares MSCI Mexico Capped ETF has posted $118.9 million in outflows so far in 2016, the most among similar funds from major emerging markets after Taiwan, according to data compiled by Bloomberg.

Source: Bloomberg