Foreign investment gives Mexico much-needed lift

Mexico could enjoy stock market growth of 30%-40% over 2002 and cement its position at the more liquid end of the emerging markets spectrum. The Mexican Bolsa index has posted growth of 25.62% in local currency terms over the 12 months to 16 April, compared with a 2.16% decline in the S&P 500 over the same period. Scott Crawshaw, emerging markets fund manager at RSA Investments, believes the Latin American market will be able to maintain the upward trajectory it has enjoyed for the past 18 months. He says: 'The main strength is that foreign investment keeps flooding into the country a...