In a strategic move to capitalize on the growing nearshoring trend, BBVA México has introduced its new investment fund, BBVANSH. With an initial capital of 120 million pesos (6.48 million dollars), this fund is designed to leverage the global phenomenon transforming production and trade.
BBVANSH is a Mexican equity product that will invest in stocks of companies and FIBRAs (Real Estate Investment Trusts) focusing on key sectors such as airport services, construction, rail and passenger transportation, as well as equipment and auto parts. The fund’s diversification also includes investments in the hotel and education sectors.
Luis Ángel Rodríguez Amestoy, Director of BBVA Asset Management Mexico, highlighted that the fund reflects the institution’s commitment to innovation and adaptation to global trends, while underscoring confidence in Mexico’s economic potential. Jorge Alegría Formoso, CEO of the Mexican Stock Exchange, also emphasized the significance of this strategy for companies and financial markets.
The launch of BBVANSH comes at a time when foreign direct investment (FDI) related to nearshoring in Mexico has significantly grown, with a 47% increase over the past year. This fund aims not only to offer attractive returns to investors but also to contribute to the country’s sustainable economic development.
With the addition of BBVANSH, BBVA México strengthens its leadership in the investment fund market, now offering a total of 56 products to its clients. This fund is a direct response to projections by the Mexican Institute for Competitiveness (IMCO), which anticipates that nearshoring will continue to be a major investment magnet for Mexico’s economy in the coming years
REFERENCES:
- Society, F. (2024, 2 agosto). BBVA México Launches Fund Focused on Nearshoring – Funds Society. Funds Society. https://www.fundssociety.com/en/news/markets/bbva-mexico-launches-fund-focused-on-nearshoring/
