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IVVPESO

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1d
1w
1m

Analysis and statistics

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About

IVVPESO.MX is the ticker symbol for the iShares IVV USD Hedged to MXN Index ETF, a passively managed exchange-traded fund (ETF) listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores). This fund seeks to replicate, before fees and expenses, the performance of the S&P 500 Index, but with a mechanism to hedge the U.S. dollar's exposure to the Mexican peso. The purpose of the hedging is to mitigate the impact of fluctuations in the USD/MXN exchange rate on the fund's returns for Mexican investors. Therefore, its performance is primarily driven by the movements of the S&P 500 while also adjusting for changes in the USD/MXN exchange rate through hedging strategies.
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Factors

Underlying Asset Performance: IVVPESO.MX's price is directly tied to the performance of the S&P 500 index. When the S&P 500 rises, IVVPESO.MX generally increases in value.

Exchange Rate Fluctuations: As IVVPESO.MX is denominated in Mexican pesos and tracks a US dollar-denominated index, fluctuations in the USD/MXN exchange rate impact its price. A stronger peso can lower its price, and a weaker peso can increase it.

Supply and Demand: Like any ETF, supply and demand influence IVVPESO.MX's price. High demand can push the price above its net asset value, while low demand can depress it.

Management Fees and Expenses: The fund's expense ratio reduces returns over time, affecting its long-term price appreciation.

Market Sentiment: Overall investor optimism or pessimism towards the US stock market can impact demand for IVVPESO.MX, affecting its price.

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