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.
“Although Obrador’s prospective finance minister has reassuringly signalled the continuation of orthodox policies, his potential counterpart at the Energy Ministry is set to unwind previous reforms aimed at liberalising Mexico’s oil industry.
“We believe that Mexico’s highly underpenetrated banking sector offers considerable upside to investors. Private sector lending in Mexico stands at a mere 37% of GDP, lagging behind other emerging economies.”
