America Movil, Cemex Are Stellar Values Says RSQ Fund Manager

Mexican telecom giant America Movil is benefiting from political and economic reforms in Mexico, as well as its own restructuring, said Riad Younes, Portfolio Manager for the RSQ International Equity Fund. Younes added that America Movil is a pan-Latin America play and trades at a cheap valuation. He is also bullish on Mexican cement supplier Cemex, saying the company has stabilized its business and balance sheet since the collapse of the housing bubble. Finally, Younes is positive on shares of South African wireless provider MTN Group despite the recent Ebola outbreak in Africa due to its exposure to the high population growth frontier market.