Slow and steady Mexico draws equity bets over Brazil

Reuters, 5/25/2012

Mexican stocks are drawing investors away from Brazil as Latin America’s biggest economy loses steam and Mexico’s close ties to the United States render it a safer bet in unsettled times.

Although the market capitalization of Brazil’s bourse is three times that of Mexico’s, the Mexican stock market’s standing with fund investors has been on a slow and steady rise since the end of last year, according to data from EPFR Global, which tracks funds with $16 trillion in global assets.

Slow and steady economic growth, at an annual rate of 3 to 4 percent, is also earning Mexico a second look from those with money to invest in the region despite renewed fears about the future of the euro zone and the chance of a Lehman-style global crisis.

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