Mexico will be one of the biggest winners of the global trade war, creating a structural tailwind for its assets. Mexican risk assets and the peso are uniquely positioned to outperform while EM assets suffer as global growth slumps.…
In the long run, Mexico will emerge as one of the biggest winners of US tariffs as the US diversifies supply chains away from China. In the medium term, however, a US growth slowdown and tariffs will push Mexico into recession. In EM…
Trump’s Tariff ObsessionDonald Trump was elected on his promise to reduce inflation, curb illegal immigration, and expunge woke ideology. Tariffs were never very high on the agenda for most voters. Nevertheless, Trump has been…
According to BCA Research’s Private Markets & Alternatives service, intra-market repricing will offer investors a unique opportunity to enter the industrial real estate space in the next two years. In the short…
Claudia Sheinbaum officially became Mexico's new president amid significant market pessimism. Our Emerging Market strategists highlighted that investor fears about Mexico’s constitutional changes were largely…
The politically induced selloff in Mexican markets has gone too far. In our view, investor fears about the constitutional changes are largely unwarranted. These reforms will have little to no ramifications for the economy in the…
Our Portfolio Allocation Summary for July 2024.
Mexico has gone from investor darling to massive underperformer within the EM space in the past month. In the eyes of our Emerging Markets Strategy team, the near-term outlook for Mexican risk assets remains poor in absolute…
Non-trivial macro divergences have emerged between mainstream LATAM economies. This report compares and ranks Brazil, Mexico, Colombia, Chile, and Peru based on their business cycle outlook, macro policy stance, external accounts,…