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.
“Mexican election frontrunner Andres Manuel Lopez Obrador (Amlo) of the leftist Morena Party has moderated his rhetoric compared with previous elections in an effort to court votes from the traditional centre-left and centre-right parties, focusing instead on corruption.
“This doesn’t reflect a shift back to the left for Latin American politics, but simply reflects a rejection of the status quo due to the perceived levels of corruption among the traditional political parties. Colombia is the most recent example of a centre-right presidential candidate being elected and we expect Brazil to elect a market-friendly centrist candidate in October who will continue the structural reforms that Michel Temer began implementing in 2016.”
