Did someone just say Mexico? For months now, asset managers and hedge fund managers have been touting the worlds second’s biggest economy. Bridgewater is recommending that investors consider Mexico, a country that is total reform-mode and debt-free, ValueWalk reports.
In fact, moving money out of the potentially overheated Chinese stock market and into a generally subdued Mexican assets might be a strong relative value play. Bridgewater did not make investment recommendations in the piece, but rather noted the economic landscape.
Franklin Templeton is also putting Mexico on its bond investment radar alongside South Korea.
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