Index: S&P/BMV MXN-USD
The ETF Dollar Trac (DLRTRAC15) is designed to emulate the daily performance of the dollar against the peso. It has been listed on the Mexican Stock Exchange since March 2015.
Give an exposure to the exchange market 1:1, simulating the purchase of dollars.
The fund is made up of CETES and long dollar futures. Daily rebalances aim to bring the value of the Trac Dollar closer to the theoretical price.
This ETF can be used along with other strategies, being very useful to mitigate risks and take opportunities of exchange rate. An example of how to use this instrument is to buy Dollar Trac when you believe that the dollar will gain value.