BlackRock & Capital Group on Investing in Mexico; Banxico debate, Energy Pragmatism, Mexico & China
1 hr 26 min
This week on MexMoves, we speak with two of the biggest names in global asset management at Mexico's annual AMAFORE pension conference. Sergio Méndez, Head of BlackRock Mexico, discusses the growth of ETFs, active investing, private credit and infrastructure, the opportunity created by Mexico's expanding pension system, and what it will take to attract more international capital. Rob Lovelace, Chair of Capital International, has been investing in Mexico since the mid-1980s. Four decades later, what has genuinely changed, and what remains frustratingly familiar? We discuss Mexico's underdeveloped capital markets, the changing geography of global investment, nearshoring and the obstacles holding Mexico back. First Eduardo and Damián look at the week's biggest business stories: Banxico's inflation dilemma: Interest rates fall, inflation rises, and Mexican stocks rally. Has the central bank moved too quickly? Mexico's energy pragmatism: Pemex courts international oil majors, CFE turns to capital markets, and private renewable projects get the green light. Is reality finally winning? Vidanta's US$1.5 billion luxury theme park: Mexico gets its own Disneyland, after more than a decade of announcements. Was it worth the wait? Mexico, China and the steel wars. Women, boards and Mexico's missing talent: Why are just 15% of Mexican board seats held by women, and is social class an even bigger obstacle to opportunity than gender?
