Therefore, we continue to have an overweight position in Mexican sovereign bonds and the Mexican peso, and an overweight and growing exposure to Mexican corporate bonds in our portfolios.
Slim's spokesman Elias told Forbes, "we have nothing to do with that, the situation is the same as it has been for months, " alluding to the temporary credit that Slim extended to NYT, which converted into a 7% equity position for the Mexican investor.
"We've held a substantial long position in the Mexican peso since the beginning of the year, which has done very well, and we're going to keep that for the time being simply on fundamentals and attractive valuations, " said Dagmar Dvorak, an investment manager of fixed income and currencies at Baring Asset Management in London.