Last year, portfolio investment set an all time record of US$23.77 billion. That was more than in the previous five years combined and only US$5.96 billion less than in all of the previous decade.
In the first quarter of this year, portfolio investment totaled US$9.36 billion, double the total of the first quarter of 2010. Foreigners reduced their net holdings of Mexican equities by US$1.19 billion in the first three months of this year. However, they increased their net investments in money market obligations US$10.54 billion. To put that figure in perspective, it more than doubled the amount of DFI in the first quarter.