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Bolsa Shares Droop at Debut

Jun 16, 2008

Setting the tone for this week's Genomma IPO, the Bolsa Mexicana de Valores suffered a lackluster equity debut that saw the shares retrace 17.5% from the high point of MXP20.00 Friday. The first domestic Mexican IPO in seven months launched at MXP16.50 Thursday and was expected to...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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