Mexican stocks fell 6.8 percent, and the peso hit a record low against the dollar.

There was also reason to wonder about the appetite for Mexican stocks.

As the peso lost value earlier in the year, so did Mexican stocks.

But for investors looking at Mexican stocks now, that's just what they must do.

There is a 74 percent correlation between Mexican stocks and domestic shares.

It is also easier now for foreigners to buy Mexican stocks directly.

The firm has a major portion of its portfolio in Mexican stocks.

Mexican stocks rose by more than 34 percent in the final three months of 1992, in dollar terms.

A few weeks ago, the peso was again under great pressure and Mexican stocks were weak.

Mexican stocks have also risen in the wake of the agreement, but the market is small and volatile.