Nearshoring and the reduction of interest rates can lead to 2024 being a better year, in terms of returns, for Fibras than for Mexican equities, after 2023 delivered higher returns than the main stock index of the BMV.

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According to Jorge Marmolejo, vice president and portfolio manager at Franklin Templeton Investments, “Fibras are going to have a good year compared to stocks, although valuations are a little high. You have to be careful with the entry moments, although it is not a capital conservation asset, it will do well with the reduction of rates and nearshoring, but they are also subject to volatility”

The market speculates that the Federal Reserve (Fed) has already finished the hike cycle and that its next move will be rather downward. The big question is how long the period of cuts will last, since this would determine the “tone we will see in the market this year.”

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“The Fibras have done well in recent years... Historically they have done better than the Stock Market, there may be times when the Real Estate Fibras do worse than the Mexican Stock Market. You have to analyze the irons of each one,” highlighted the Franklin Templeton specialist.

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Original note