Mexican Stocks -17% In 6 Months, But Are Showing Signs Of Life
Top ten holdings in the (62.85% of assets): America Movil, Grupo Televisa, Fomento Economico, Grupo Financiero Banorte, Cemex, Wal-Mart de Mexico, Grupo Mexico, Fibra Uno Admin., Grupo Financiero Inbursa, and Alfa
The Mexican economy has had to deal with plunging oil and peso prices in the previous months. Tepid results from Wal-Mart de Mexico and Coca-Cola FEMSA have reflected this too. While the economy has been growing in a roughly 2.5% range (in terms of GDP), economists are more positive for 2015. The collectively group see GDP at +3.2% for the year and Mexico's Ministry of Finance looks for 3.2%-4.2% growth.