Index: S&P/BMV USD-MXN
The ETF Peso Trac (PSOTRAC15) is designed to emulate the daily performance of the peso against the dollar. Listed on the Mexican Stock Exchange since March 2015.
Gives an exposure to the exchange market 1:1, simulating the short position in dollars.
The fund consists of CETES and short dollar futures. Daily rebalances aim to bring the value of the Trac Peso 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 Trac Weight when it is believed that the weight will gain value.