SubscribeHas Free Trade Joined Mexico and America At The Hip?
By Nick Thomas
Analyst, Oxbury Research
Or Can Mexico Be Considered An Independent Investment?
In the past week we’ve examined China and Japan, America’s two most important Asian trading partners, to see how they have fared in comparison with U.S. stock investments. Japan is an ally and China is either a wonderful trading partner or a potentially sinister rival depending on which politician and special interest group you interview. But how about nation closer to home?
How are Mexican investments looking at this point in time? Are they an improvement over the Dow or has the NAFTA-linked Mexican economy suffered as badly as homegrown stocks? Many Americans resent the outsourcing of certain manufacturing concerns to Mexico but perhaps there’s a way to profit from the emerging economy south of the Rio Grande.
The Amex Mexico Index (MXY) is an equal dollar weighted index of highly capitalized companies with major business interests in Mexico. MXY is comprised of 10 stocks in variety of sectors including telecommunications, basic materials and consumer goods.
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