Five emerging market views on Mexican elections
By Jessica Tasman-Jones, 28 Jun 18
Mexico is set to lurch to the left when it goes to the polls this weekend with populist Andrés Manuel López Obrador, known by his nickname Amlo, the front runner in the presidential elections. Five managers weigh in on what Mexico’s politics mean for emerging market investors.
“We are not in the business of guessing election results, as we seek to own companies that operate as far from the influence of governments as possible. However, we would note that the market is providing us with opportunities to buy some of our favourite consumer companies in the region at attractive valuations, particularly in sterling terms.
“While Amlo is a populist, and his election not without risk, he has demonstrated throughout his career a genuine interest in promoting the interests of the poorest members of one of the world’s most unequal societies, which may well prove positive for consumer companies in the long run, with expanded markets into which to sell.”
