Another way to profit from a Chinese slowdown – buy Mexico

Investment banks like to group 'hot' countries together. Not only is it a great way to grab investors’ attention, sometimes it even makes money. In 2001, Goldman Sachs came up with the BRICs – Brazil, Russia, India and China. Those four markets did very well during the 2000s. However, as we’ve pointed out already, these four seem to have hit the buffers. So now Goldman has come up with another shiny package of ‘must-have’ nations. The catchy acronym this time? MIST – Mexico, Indonesia, South Korea, and Turkey. As with the BRICs, there’s no real reason to group these countries together beyond branding. Each has its own merits and individual problems. However, of the four, Mexico looks the most interesting to us. Here’s why…