Mexico is doing its best to target investors for its real estate market. Even with drug violence, analysts say opportunities are good for foreign investment. Investors looking to sample Mexico will find a limited number of ADRs, but many open-ended mutual funds and exchange traded funds. With lower shipping costs and competitive wages, Mexico is booming, attracting foreign investment from firms that supply North America — a concept known as nearshoring.
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Government data shows foreign investment largely holding up in Mexico so far this year. Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the US-China trade war and coronavirus pandemic prompt firms to reexamine global supply chains. The plans could usher in billions of dollars in badly needed fresh investments over the next few years for Latin America's second-largest economy, which is primed for its worst recession since the s Great Depression. Foxconn and Pegatron are known as contractors for several phone manufacturers including Apple. It was not immediately clear which companies they would work with in Mexico. According to two of the sources, Foxconn has plans to use the factory to make Apple iPhones. However, one of the sources said, there had been no sign of Apple's direct involvement in the plan yet.
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Foxconn TW TW and Pegatron It was not immediately clear which companies they would work with in Mexico. According to two of the sources, Foxconn has plans to use the factory to make Apple iPhones.
Exchange-traded funds with heavy exposure to Mexico caught a bid after the Trump administration said it reached a deal with Mexican trade officials that avoided tariffs, a move that ignited a rally in the broader markets as well. But leaders in the ETF world are still preaching caution when it comes to investing in emerging markets. Is he going to be harsher in these tariff negotiations? We saw him loosen up with Mexico.