The First Months of 2025 Have Been Highly Volatile and Turbulent for Global Markets; However, in Mexico There Are Signs That Suggest a Divergence From the Global Trend
According to figures and analysis by Franklin Templeton, an overview of the main investment vehicles in Mexico reflects the current performance of the local market: for example, Cetes have already accumulated a nominal return of 4% so far this year; Mexican Bonds and Udibonos, in turn, are experiencing the best start to the year in a long time; while Mexican Fibras and stocks, which were severely punished in 2024, now hold the second and third places in performance within local markets.
Additionally, considering that the dollar has depreciated by around 6% as of the end of April, the appeal of Mexican stocks for foreign investors has increased.
The peso has remained relatively stable despite external pressures, particularly those related to the trade policy of its powerful neighbor, the United States—a nation that is also its main trading partner, yet this has not prevented the imposition of tariffs.
This outlook of attractive returns in the Mexican market is present even despite the recession expectations for the country’s economy and the evident slowdown that is already being observed.
One key factor has been the control of inflation in Mexico, which has sent signals of relative stability for the country’s economy. The control of inflation has especially benefited debt instruments.
Franklin Templeton notes in its analysis that in this context, investments in conservative assets such as bonds can remain a smart investment decision for those who prioritize consistent, low-risk returns aligned with the investment horizon required by each manager.
Some other factors, such as the large fiscal deficit reported by the country last year—around 5.9% of GDP, the highest in more than three decades—apparently show signs of being under control and in the process of consolidation, that is, reduction, and have not affected investor sentiment; on the contrary.
Even the economic slowdown process, already noted above, is a factor that for now concerns investors little, considering that there are geopolitically much weightier factors that lead investors to view Mexico as an attractive and, above all, low-risk investment option compared to others.
