The largest exchange-traded fund to track the Mexico equity market fell on Tuesday, dropping to its low of the session following an earthquake in Mexico City. The iShares MSCI Mexico Capped ETF fell as much as 0.5% following the quake; it had been trading in more mildly negative territory prior in the session. The strength of the earthquake, as well as the extent to any damage, was unclear. More than 1.8 million shares of the ETF exchange hands in afternoon trading, above its 30-day average of 1.7 million. While the fund has lost 2.1% over the past month, it remains one of the bright spots among single-country funds thus far this year, having risen more than 26%.
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