Top Picks from The Mexico Fund

For our top picks this week, we’re looking somewhere many investors overlook: our neighbor to the south, Mexico. This week here at TWST we did an interview with Juis Luis Gomez Pimienta, as well as other portfolio managers involved in managing The Mexico Fund. They recommended the following companies, all of which are core holdings in The Mexico Fund:

1. Grupo Televisa (TV)- “[Grupo Televisa is] the most important Spanish-speaking media company in the world and we believe that even in this tough environment, this company, with relatively low leverage and steady cash flow, represents a good opportunity. If you compare the portfolio on July 4 to the portfolio on October 16, you’ll see that the cash position was significantly increased — to around 17% of its assets versus 3% to 5% for the last five years.”
2. America Movil (AMX)- “It is the most important Latin American wireless company with an important operation in Mexico, Argentina and several others in Latin America.”
3. Kimberly-Clark de Mexico- “A subsidiary of the Kimberly-Clark (KMB) in the US, represents 2.6% of the Fund’s portfolio. We are now looking at companies with strong balance sheets, with steady cash flows and low leverages; that’s the focus of the portfolio right
   now.”

For the complete investing strategies report, including a full interview with the managers of the Mexico Fund, as well as portfolio managers from a variety of different specializations, click here.

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