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Falling Oil Won't Send Mexican Stocks Over Cliff Says Fund Manager

Mexican stocks will continue to fare well due to the country's industrial transformation and political reforms.

Mexican stocks will continue to fare well due to the country's industrial transformation and political reforms, said Maria Pichardo, portfolio manager for the Mexican Equity & Income Fund. Pichardo added that falling oil prices will not hurt the Mexican economy too much because of the structural reforms taking place in the energy industry and rising national consumption. She said America Movil is one of her favorite stocks because it will benefit from the spin-off of its tower business. Finally, Pichardo said the Mexican economy is tied to the U.S., but it is better insulated than in years past due to direct foreign investment and government reforms.

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