Foreigners Invest $80B in Mexico Stocks, Bonds Krista Hughes - Reuters
go to original February 25, 2013

MEXICO CITY - Foreign investors poured a record $80 billion into Mexican stocks and bonds last year, almost five times more than in Brazil, central bank data showed on Monday.

Foreign portfolio investment inflows doubled in 2012 from a year earlier on optimism about reforms promised by Mexico's new government and solid growth of about double that of Brazil, Latin America's biggest economy.

Investment in both private and public sector assets picked up in the fourth quarter to notch quarterly records for the period since 1995, when the current data series began.

"What you see there is that we had more money coming into stocks in the fourth quarter, a big pick-up after the election," UBS economist Rafael de la Fuente said.

Foreign inflows to Mexican stocks and corporate debt totaled $5.61 billion in the fourth quarter, up from $1.21 billion in the third quarter, and $10.04 billion for the year.

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