“There’s less fear,” Jose Cebeira, a senior analyst at Corp. Actinver SAB, told Bloomberg. “Now that it looks like Clinton has a better chance of winning, money is flowing back into Mexico. It’s good for companies that export to the U.S.”
Mexican assets are seen as an election barometer, weakening when Trump advanced in polls and strengthening when the Republican nominee lost ground. Trump has questioned the North American Free Trade Agreement and free trade, vowed to add tariffs on Mexican imports, pledged to deport millions of undocumented immigrants and wanted to build a border wall to keep out Mexican immigrants.
SEE MORE: A Double-Edged Sword for Mexico Emerging Market ETF
In a final Bloomberg Politics national poll Monday, Clinton led Trump by three percentage points among likely voters nationally.
For more information on the Mexican markets, visit our Mexico category.
iShares MSCI Mexico Capped ETF