Fund manager's comment/Rory Hammerson
Things are looking rosy for Mexico in what is seen as the convergence story of the Americas. The ties between the US and Mexico are becoming stronger, driven by the integration of their border economies, and extend much further than production under the NAFTA free-trade agreement signed in 1994. South of the border, the old political regime ended after last year's victory by the PAN, led by Vicente Fox, which beat the Institutional Revolutionary Party that had ruled the country for seven decades. High oil prices, which represent 30% of fiscal revenues, are boosting the Treasury's coffe...
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