Fomento Economico Mexicano S.A.B. de C.V.
How Mexican Markets Are Rolling with Trump’s Anti-Trade Rhetoric
Markets seem to have overcome Trump’s anti-trade rhetoric by this point in 2017, given the lost confidence in Trump’s ability to implement his promises.
Will Banco de Mexico Follow the Fed in Raising Rates in 2016?
Since the rate hike by the Fed in December 2015, Banco de Mexico has raised rates three times totaling 125 basis points.
Company & Industry Overviews
Is Caution Regarding Brazil a Better Bet for Now?
In an interview with The Telegraph in 2015, Will Landers warned investors that 2015 was going to be a very tough year for Brazil.
Mexico’s Industrial Production Remained Negative in November
According to the Instituto Nacional de Estadística y Geografía (INEGI), Mexico’s industrial production fell by 0.5% in November 2015.
Mexico’s Manufacturing Improved at a Slower Pace in December 2015
Manufacturing activity accounts for ~18% of Mexico’s GDP. Mexico’s manufacturing PMI declined by 0.6 points to 52.4 in December, compared to 53.0 in November 2015.
Portfolio Composition of JLTAX through November 2015
JLTAX’s assets were invested across 57 holdings as of November 2015, and it was managing assets worth $62.3 million.
BRFS, CX Dragged Down BlackRock Latin America Fund in October 2015
The BlackRock Latin America Fund – A (MDLTX) rose just 3.8% in October 2015 from a month ago.
The JPMorgan Latin America Fund Class A (JLTAX): Portfolio Overview
The JPMorgan Latin America Fund seeks long-term growth through “investments that are tied economically to Latin America.”
The Deutsche Latin America Equity Fund Class A (SLANX): Must-Knows
The Deutsche Latin America Equity Fund – Class A (SLANX) is offered by Deutsche Asset & Wealth Management.
The T. Rowe Price Latin America Fund (PRLAX): Important Facts
The T. Rowe Price Latin America Fund (PRLAX) is offered by T. Rowe Price. The fund seeks long-term growth of capital.
The JPMorgan Latin America Fund Class A (JLTAX): Investor Must-Knows
The JPMorgan Latin America Fund – A (JLTAX) is offered by JPMorgan Asset Management. The fund seeks long-term growth of capital.
The Fidelity Advisor Latin America Fund Class A (FLFAX): Must-Knows
The Fidelity Advisor Latin America A Fund seeks long-term growth of capital by investing “at least 80% of assets in securities of Latin American issuers.”
CalPERS hangs up on position in Vodafone
Vodafone is one of the world’s largest telecom companies. Its shares were up on fresh rumors in August that AT&T executives were working on a bid for the company.
CalPERS exits FEMSA – Mexican bottler, convenience-store owner
Founded in 1890 in Monterrey, Mexico, FEMSA is comprised of two complementary business units—Coca-Cola FEMSA, and FEMSA Comercio, a convenience-store operator.
CalPERS adds new position in TRI Pointe Homes
TRI Pointe Homes is one of the top ten–largest public homebuilders by equity market capitalization in the US. The company reaffirmed its 2015 outlook for earnings per diluted share in the range of $1.25 to $1.40.
CalPERS establishes new position in CBS Outdoor Americas
CBS Outdoor Americas is the largest provider of advertising space on out-of-home advertising structures and sites across the US, Canada, and Latin America.
CalPERS opens new position in Fidelity National Financial
Fidelity is the largest title insurance company in the United States. Fidelity’s FNFV segment includes a 51% stake in Remy, an automotive sector player, and a 55% ownership interest in American Blue Ribbon Holdings, which operates in the restaurant sector.
CalPERS adds new position in Liberty Media
Liberty Media Corporation owns interests in a range of communications and entertainment businesses. Recently, the company completed the previously announced spin-off of its cable business, Liberty Broadband.
Highlights of CalPERS’ third-quarter 13F filing
CalPERS is the largest public pension fund in the US. It administers health and retirement benefits on behalf of 3,064 public school, local agency, and state employers.