The rising tide for the peso has been the massive inflows of foreign investment in Mexican peso-denominated money market instruments. Nearly half of the last year's record US$23.13 billion in foreign investment in money market obligations flowed into the country in the last three months of 2010, spurred by Mexico’s inclusion in the World Global Bond Index (WGBI). To put that figure in perspective, it was almost four times the amount of DFI in Q4.
Portfolio investment last year set an all time record of US$23.77 billion. It was more than in the previous five years combined and only US$5.96 billion less than total portfolio investment in all of the previous decade.
Will the flood continue?
Portfolio investment last year set an all time record of US$23.77 billion. It was more than in the previous five years combined and only US$5.96 billion less than total portfolio investment in all of the previous decade.
Will the flood continue?
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