| Fibras are Mexico's New Market Vogue: Property Investment Trusts Armando Tovar - Reuters | |
| go to original April 17, 2013 |
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After a quiet two-year incubation period, domestic and foreign investors are piling into Mexican real estate investment trusts, which are strongly outperforming the wider stock market.
The trusts, known as fibras, are similar to REITs (real estate investment trusts) and issue certificates that function much like shares on the bourse.
The first fibra appeared in 2011 with the debut of Fibra Uno, which was the only trust until late 2012.
But since November, five other fibras have muscled in on the market: Fibra Hotel, Fibra Macquarie, Fibra Inn and Terrafina.
Read the rest at Reuters
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