Mexico likely to continue to do well in coming year

Mexico has exceeded expectations for 2004, a trend that is likely to continue into the first half of...

Mexico has exceeded expectations for 2004, a trend that is likely to continue into the first half of 2005, fund managers at Baring Asset Management and F&C believe. However, with a presidential election coming up in 2006, the market could suffer towards the end of next year. Rupert Brandt, manager of F&C's Latin American Investment Trust, says: "In the medium term, we will see some storm clouds gathering overhead. The presidential election is likely to start becoming an obstacle for the markets in the second half of next year. "The most popular candidate is the mayor of Mexico City who ...