BlackRock Funds headquarters in New York City. (PHOTO: efinancialnews.com)
Investors have placed bets worth around $745m USD that Mexico’s stock market will fall in the closing days of the US presidential race as opinion polls suggest Democratic candidate Hillary Clinton’s lead over Donald Trump, the Republican candidate, has narrowed.
The Financial Times reported that the bets against the Mexican stock market have come via BlackRock’s $1bn USD Mexico exchange traded fund. Approximately three-quarters of the ETF’s assets are being shorted, suggesting some investors are preparing for a Trump win.
Around 80 per cent of Mexico’s exports go to the US. The Latin American economy is expected to suffer if Mr Trump wins the White House, due to his protectionist trade and immigration policies.
The ETF bets against the Mexican stock market increased substantially following the FBI’s decision to open a new probe into Mrs Clinton’s use of a personal email server during her time as secretary of state.
To read complete article click here.
Source: ft.com
Comments
more recommended stories
Yucatán beekeepers to receive more and better support from state governmentThe Yucatan state government and apicultural.
AMLO orders end to corporate tax breaks in MexicoMEXICO CITY, May 20 (Reuters) –.
Climate change improves production of habanero pepper in Yucatán“Facing the climate change that prevails.
Google suspends business with Huawei after Trump blacklistAlphabet Inc’s Google has suspended business.
On World Bee Day, actions are needed to Save the BeesThe United Nations designated May 20.
Morehouse College grads are surprised by a billionaire’s promiseAtlanta, GA (CNN) – Morehouse College.
Father of slain pregnant teen blames ‘anti-immigrant laws’ for delay in investigationThe father of a pregnant teenager found.
Trump ‘engaged in impeachable conduct’… GOP Rep. Justin Amash.Justin Amash is the first GOP.
Los Cabos, Mexico from a tourist point of view (VIDEO)Laurel and Brandon went on vacation.
Quintana Roo beaches threatened by smelly seaweed invasionMEXICO CITY (AP) — Tourists looking.
Leave a Comment