This country is the darling of the markets, Bank of America says. How to play it

One country is coming up again and again as the clear investor favorite this year, and there are ways for traders to play it, according to Bank of America. The Wall Street firm said Mexico is "the market's darling," with the Indice de Precios y Cotizaciones climbing 12% this year. That outstrips the S & P 500 's 8% rise over the same time period.

" To be sure, there are risks ahead, particularly in the near term with a Federal Reserve that is still raising interest rates. Mexico will also have to contend with any fallout from a potential recession in the U.S., as well as uncertainty around the elections in both the U.S. and Mexico in 2024. Regardless, for investors tapping into the surge in markets, there are several ways to play the rise. There are several exchange traded funds to track.

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