Mexican Stock Market for Europeans: Azimut will launch the UCITS Variable Income Fund

Serving institutional clients in Europe and Latin America, Mexican economy It emerged and attracted promising prospects, which He called for investment opportunities in local assets. This is what the group did azimuthone of the largest independent managers in Europe, with assets under management of €95.1 billion (about $101 billion) and offices spread around the world, will now offer investors, UCITS Mexican Equity Fund launches in May.

the Management will be carried out by Azimut KAANboss Led by José Fierro and Alberto Rodriguezas a result of a Acquisition of Kan Capital By Azimut in 2021.

“Mexico is in a bull market with Close to the beachIt's a very interesting market in the long term. The investment case,” he says. Stefano Del Papa, Head of Latin American Asset Management at Azimut Group, In conversation with Funds Association In Sao Paulo. “Many companies are moving their production plants from China to Mexico. He Market with very good visibilityas well as the prospects for the Mexican economy for the next ten years.

She says the manager will be The first asset, in ten years, to have a UCITS fund that invests in Mexican stocks, which is currently only available to foreign players through ETFs. The Pope confirms that Azimut It began receiving demand from institutional parties to invest in assets in Mexico.

“We have different institutional clients around the world who have requested to set up a Mexican equity fund UCITS. We expect institutional clients in different markets, both in Latin America and Europe,” he says, highlighting that The fund will also be available to retail investors.

The executive highlights that The choice of a UCITS fund is due to institutional demand. “That's what most of these players are looking for, is to have more security, assurance and control. It's more aligned with compliance,” he says.

Billions of capital

The Azimut strategy is guided by the perspective that It witnesses a large movement of capital into MexicoThis is due to current geopolitical problems.

According to a recent study conducted by Breakinhe The Nearshoring program will lead Latin America to become a leader in fundraising and transactions, with Mexico leading the way. According to Del Papa, this is a result of geopolitical issues, as the United States seeks to reduce exposure to China and diversify its production.

“Mexico has billions of dollars in investments planned in the coming years. There are currently no securities to which there can be direct exposure through a near transfer, but the market view is that this is the case Investment wave“, which will last for years, will generate a positive impact on the entire Mexican economy.” “Institutional institutions have been analyzing this for months and are asking for a good manager working in this market,” he comments.