Reported 4 months ago
Following Claudia Sheinbaum's historic win as Mexico's first female president, exchange-traded funds tracking Mexican equities saw significant declines as investors fretted over potential constitutional changes due to her party's strong majority in Congress. The iShares MSCI Mexico ETF and Franklin FTSE Mexico ETF both experienced their largest drops in over four years, while the Mexican peso also weakened by over 4% against the U.S. dollar. Experts warn that the ruling party's supermajority could lead to far-reaching legal and constitutional reforms, impacting the country's political landscape.
Source: YAHOO