Mexican companies found equity markets warming to them in the
second quarter, with Alsea, Fibra Prologis and Fibra Uno all
closing successful capital raises in June.
NEWS EQUITY: Staging a comeback
Mexicans are taking advantage of investors’ improving
view on LatAm equities, but issuers must still proceed with caution.
By Katie Llanos-Small
The deals follow a sour start to the year for Latin
America's equity markets, spurred by an investor stampede out
of emerging market funds - a trend that has since ended.
"Equity outflows from emerging markets in the first quarter
were somewhat exaggerated both in quantity and relative to
recent history, and we've started to see a rebound in the
second quarter, a kind of pendulum swing, especially in LatAm,"
said Mariano Espada, head of equity capital markets for Latin
America at UBS.
"Some of that is being channeled, as we speak, into specific
emerging market countries. That's one of several reasons
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