“Carlos Slim has obviously shown that he has made the right investments,” says Alejandro Hernandez, who helps manage about $1.5 billion of debt at Interaciones Casa de Bolsa, in a telephone interview from Mexico City. “Everything he touches turns to gold.”
In this vein it's safe to say that
America Movil is becoming the stronghold of Mexican stocks. Now benefitting from investor demand for companies that will be able to weather a global slowdown, America Movil is outperforming because some investors have more confidence in the track record of Slim, the world’s richest man, then any other data.
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