miércoles, 29 de agosto de 2012

Portfolio investment: not what it was

More on Mexico's capital account deficit in the second quarter...

Portfolio investment continued flowing into Mexico in the second quarter, just  not in the massive quantities of prior quarters. The second quarter's US$6.56 billion in portfolio investment was the fifth largest quarterly inflow of portfolio investment in Mexico’s history. Nonetheless, it was just over two-fifths (41.4%) of the portfolio investment in the first quarter of 2012. Foreign investment in Mexican stocks (US$0.91 billion) was less than half what it was in the first quarter. The US$5.65 billion of foreign investment in fixed income instruments was two-fifths of its first quarter level.

Had portfolio investment arrived in its first quarter quantities, Mexico's capital account would have shown a good-sized surplus in the second quarter...

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