Mexico's push for reforms spurs surge by investors
Tuesday, March 19, 2013
Mexico's push for economic reforms and the revival of the economy of its largest trading partner, the United States, are stirring investor interest in Latin America's No. 2 market.
International fund managers say recent announcements of reforms to Mexico's education system and telecommunications sector provide a positive backdrop for UD investors to keep putting roughly 30 percent of their allocations for Latin America into Mexican stocks and bonds.
Mexican President Enrique Pena Nieto, in office since December, has managed to reach agreement with opposition lawmakers to push through reforms, the most important of which will be in the state-dominated energy sector this summer.