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Estamos en contacto constante con el Ministerio de Hacienda y el banco central de México para hablar sobre la política fiscal y monetaria respectivamente. Estos contactos también nos ayudan a entender el funcionamiento de la petrolera Pemex, que figura en nuestro índice de referencia de deuda soberana. En 2024, hemos aprovechado la transición hacia un nuevo gobierno, reuniéndonos con el equipo del Ministerio de Hacienda saliente, los asesores políticos de la posible (y finalmente) ganadora de las elecciones presidenciales, Claudia Sheinbaum, y el equipo directivo de Pemex y otros grupos de interés de la compañía, con el fin de proponer una solución sostenible al problema de sobreendeudamiento de la petrolera, que hace que Pemex dependa de un apoyo gubernamental irregular. Esta propuesta fue bien recibida, lo que nos dio la oportunidad de evaluar las prioridades del nuevo gobierno y sirvió de base a nuestro posicionamiento de inversión.
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