NEWS EQUITY: Staging a comeback

NEWS EQUITY: Staging a comeback

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. 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 spea

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