Investors Heading to Mexico Stock Market Swagato Chakravorty - Wealth Daily
go to original March 20, 2013

Despite a somewhat slow start, the Mexican stock market is expected to take off strongly this year in particular.

Mexico has been pushing hard for economic reforms, and as the U.S. (its largest trade partner) sees a rebounding economy, things are bound to become more interesting in short order.

Widespread reforms that will affect Mexico’s education system and the telecommunications sector are likely to encourage American investors to continue dumping around 30 percent of their Latin American allocations into Mexico’s markets.

From Reuters:

"You saw a lot of optimism around elections and the potential reforms," said Darren Capeloto, portfolio strategist focused on Latin America at Payden & Rygel in Los Angeles.

Last year, the IPC Index gained 17.8 percent, handily outperforming nearly all other emerging markets. Thus far this year it is down 2 percent, Reuters reports, and it’s likely that the reforms, which have affected Carlos Slim’s America Movil (NYSE: AMX), are at fault in part.

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