The Dow Jones Mexico Titans 20 Index measures the performance of the largest and most liquid stocks traded in Mexico.
The index measures the performance of 20 leading Mexican companies.The components of the index are selected based on float-adjusted market capitalization and trading volumes.
The Top 10 Components of the Dow Jones Mexico Titans 20 Index are listed below with their dividend yield as of September 23, 2010:
1. Company: America Movil (AMOV)
Sector: Telecom
Current Dividend Yield: 0.48%
2. Company: Wal-Mart de Mexico (OTC: WMMVY)
Sector:Consumer Services
Current Dividend Yield: 1.17%
3. Company: Fomento Economico Mexicano (OTC: FMXUF)
Sector: Consumer Goods
Current Dividend Yield: 1.19%
4. Company: Grupo Televisa (TV)
Sector:Consumer Services
Current Dividend Yield: 2.77%
5. Company: Grupo Mexico (OTC: GMBXF)
Sector: Basic Materials
Current Dividend Yield: 1.29%
6. Company: Cemex (CX)
Sector: Industrials
Current Dividend Yield: N/A
7. Company: Grupo Financiero Inbursa (OTC: GPFOF)
Sector: Financials
Current Dividend Yield: 1.13%
8. Company: Grupo Bimbo (OTC: GRBMF)
Sector: Consumer Goods
Current Dividend Yield: 0.57%
9. Company: Telefonos de Mexico (OTC: TFONY)
Sector: Telecom
Current Dividend Yield: 5.45%
10. Company: Grupo Financiero Banorte (OTC: GBOOF)
Sector: Financials
Current Dividend Yield: 0.35%
Since most of the stocks noted above trade on the OTC markets, the iShares Mexico ETF (EWW) provides another alternative to gain exposure to these companies. The fund has an asset base of $1.5B and America Movil alone accounts for about 27% of the portfolio.