The Long View
Justin Leverenz: Emerging Markets Are ‘Incredibly Attractive’
Feb 6, 2024
Justin Leverenz, senior portfolio manager for the emerging-markets equity team at Invesco, discusses the attractive aspects of the Mexican equity market, the underperformance of emerging markets, India's potential for growth, emerging themes in biotechnology, and investing in emerging market companies.
46:21
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Quick takeaways
- Mexico is an attractive investment destination due to its macroeconomic orthodoxy, durable institutions, and increased foreign direct investment.
- The upcoming Mexican election may favor the AMLO governing coalition, potentially improving sentiment among private and investment sectors.
Deep dives
Investing in Mexico: A Top-Down and Bottom-Up Approach
Invesco's Justin Leverence explains why Mexico is an attractive investment destination. From a top-down perspective, Mexico demonstrates macroeconomic orthodoxy, maintaining durable institutions and fiscal responsibility. It also benefits from geopolitical dynamics, including increased foreign direct investment. From a bottom-up perspective, Leverence highlights the presence of well-run companies with durable growth, strong competitive advantages, and interesting real options. These factors contribute to Invesco's significant allocation of 12% of their funds' assets to Mexico.
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