The Other United States: Owning A Royalty on Mexico’s Capital Markets.
The Royalty King's Report: Bolsa Mexicana de Valores
Introducing The Croupier Collection
The commencement of 2026 brings with it an important development: the launch of a new portfolio dedicated to one of the foundational business models covered in this publication: exchanges, brokers, and clearing houses.
Owning The Casino, Not Placing The Chips
These models most clearly embody the concept of investing from a privileged position: being the house rather than the player in the context of a casino. In this way, the investments enjoy a structural, statistical edge over both individual market participants and the collective products that represent them in packaged form; what would be a “syndicate” in a casino context, which is akin to the expanding universe of ETFs in financial markets.
As previously explained in the report below, exchanges outperform the various indices and the associated markets they purport to track and may be thought of as a way to buy a royalty on the capital market activity in a given economy.
This portfolio will be seeded by carving out the existing exchange holdings currently housed within the Royalty King portfolio and consolidating them into a standalone vehicle known as The Croupier Collection.
Funds will be consistently, yet strategically, added to this portfolio to gradually acquire ever more shares in these businesses.
Royalty Economics at National Scale
In the case of a dominant national exchange, this strategy may be understood as acquiring a royalty on a country’s economic throughput — effectively a claim on the financial activity generated by its GDP.
With that in mind, let’s advance through this research report focusing on a promising opportunity with astonishingly little coverage, yet offers an interest in the 13th largest economy in the world, yielding over 6% in dividends alone with a free call option on improving economics in Central and South America under the new “ Donroe Doctrine”.
It’s time to head south of the border to the other United States: Los Estados Unidos Mexicanos.
