Simon Nocera: Mexico

Mexico: The gap between Mexican and Brazilian flows climbed to $570 million during the first seven business days of April, with $148.7 million of inflows to Mexico and $421.3 million in Brazil outflows. In the year to date, investors have deposited $315.1 million into Mexico ETFs and withdrawn $1.08 billion from Brazil-tied funds, for a difference of $1.39 billion, according to data compiled by , according to Bloomberg. You look at Mexico and its a totally different story, said Simon Nocera, a former economist at the International Monetary Fund whos now chief investment officer at Lumen Advisors LLC in San Francisco. The Mexican positive is the growth potential that you have because of all of those reforms and Mexico is luring a rising amount of exchange-traded fund flows, signaling President Enrique Pena Nietos energy-industry overhaul is helping differentiate the Latin American nation from its biggest regional peer. Mexico gained favor among overseas investors after Pena Nieto ushered a constitutional overhaul through Congress last year to open the nations oil industry. Standard a Poors reduced Brazils credit rating last month to BBB-, the lowest investment grade ranking, citing sluggish economic growth and a fiscal policy thats fueling higher debt levels. (news.financializer.com). As reported in the news.