Question:
Does anyone know of good, inexpensive Mexican peso investments? Most of their online banks and brokers never reply to my USA e-mails. Interested in something attached to their currency (not necessarily Forex) that also fluctuates that you can BUY/SELL daily. Bonds, Bank stocks etc. that could be utilized through a single account? Thank you.
Answer:
You can either buy short term securities like Cetes if all you want is FX exposure; you can buy longer term bonds (called M's) if you also want exposure to local interest rates.
There also dollar denominated securites that trade in and offshore Mexico, called UMS bonds.
There are a lot of Mexicanfixed income mutual funds in which you can invest, according to what you are looking for.
Depending on the ammt you want to invest, you should contact either a Mutual Fund Distributor (Distribuidora de Sociedades de inversion) or Fund Manager (Operadora de Sociedades de Inversion) or a Broker Dealer (Casa de Bolsa) or Bank's Private Equity Area.
Write me w/your email address and I'll go the names and ph numbers of a couple of institutions if you want.
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