RETURN OF RISK AVERSION: During the last four months of 2014 emerging equity markets faced a strong decline. This was mainly due to foreign capital outflows, bolstered by a higher degree of risk aversion amongst investors and driven by the slump in oil prices, geopolitical uncertainty in Ukraine,...
The corporate debt market in Latin America remains relatively small, and Mexico is no exception. As of December 2014, there was MXN1.02trn ($68.65bn) in outstanding corporate long-term bonds, including corporate, state, municipal and infrastructure issues, as well as those from state-owned companies and federal agencies. Corporate debt issuance has grown at a compound annual...
Mexico has orderly and innovative capital markets, with government-issued and blue-chip corporate bonds dominating the fixed-income sector, which is larger in volume terms than equities. A well-developed foreign currency market – the world’s most-traded emerging markets currency – is also a prominent asset helping to drive activity. On the...
On January 1, 2015 the new Mexican Oil Fund for Stabilisation and Development (Fondo Mexicano de Petróleo para la Estabilización y el Desarrollo, FMP) began operations. The FMP was created as part of the package of energy sector reforms and constitutional changes approved by Congress during the course of 2013 and 2014. Technically, it is...
Why is the ratio of exchange capitalisation to GDP so low, and what is being done to reverse this?
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