Mexico’s fiesta: winding down?

While many markets have slid in 2008, Mexico’s has outperformed. But this growth could be vulnerable as economic realities reassert themselves, and it remains at risk from a US recession.

While many markets have slid in 2008, Mexico's has outperformed. The benchmark IPC index is up by over 6% this year, and has gained 10% in dollar terms.

This is partly due to the market catching up with other emerging markets after a weak performance last year, while recent economic data have been better than expected. Pension funds will now be permitted to double their investments in the equity market to 30% of funds under management.

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