PIMCO: Four Reasons To Be Bullish On MexicoVW Staff
Four Reasons To Be Bullish on Mexico by Scott A. Mather, PIMCO
Mexico is not as reliant on oil exports as people may think. Many investors think of Latin American emerging market countries as heavy commodity exporters – and in Mexico’s case, that means oil. After all, its state-owned oil company PEMEX is one of the largest integrated oil companies in the world. Yet even at its peak in 2008, petroleum represented only 20% of Mexican exports . . .
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