Mexican Assets Have Worst Day Since 2020 Lockdown: Why Sheinbaum Is Shaking Investor Confidence
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2024
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Source: Business Insider
- Mexican Financial Assets Decline: Mexican peso and ETFs faced significant losses following President Claudia Sheinbaum's victory.
- Peso Plummets: Mexican peso dropped by 3.9% to its weakest level since November 2023.
- ETF Losses: U.S.-listed Mexican equity ETFs, like iShares MSCI Mexico ETF, experienced double-digit declines.
- Economic Impact of Sheinbaum's Win: Goldman Sachs suggests potential challenges in attracting investment and maintaining fiscal discipline under Sheinbaum's administration.
- Legislative Changes: Sheinbaum's coalition securing a parliamentary "supermajority" may lead to reforms that could impact institutions and market sentiment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
