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Wall Street Journal and Reuters Report on Increased Investment in Mexico

13 September, 2012

The last week has been a good one for Mexico in terms of investments,with both Reuters and the Wall Street Journal reporting on the continued growth. This includes a $550 million investment from Eurocopter,the world's largest civil helicopter manufacturer,as well as the first-ever Real Estate Investment Trust (REIT) to be offered on the Mexican stock exchange,along with 17 US-registered Exchange Traded Funds (ETFs) sponsored by J.P. Morgan.

Reuters reported late last week that Eurocopter plans to open its second plant in the Mexican state of Queretaro,with an initial investment of $100 million. According to Bert Stegkemper,executive vice president of Eurocopter's global supply chain,"The project represents a total investment of $550 million,and the first step alone will create more than 100 highly specialized jobs." 

In additional positive news concerning Mexico's growing stock exchange,the Wall Street Journal reported that the first REIT to ever be listed was launched last Thursday and raised more than 3 billion pesos (or $300 million US) in its initial public offering (IPO). The trust is called Fibra Uno and according to a press release is planning to use the proceeds from the global offering to consolidate an initial portfolio of 16 properties and acquire three additional properties. 43.7 percent of the trust's portfolio,which consists largely of commercial and industrial real estate,was sold in the IPA last week.

Also of note,JP Morgan announced Monday that it has been appointed by Invesco PowerShares Capital Management (PowerShares) to offer 17 of the company's US-registered ETFs on the international portion of the Mexican Stock Exchange,which is known as Bolsa Mexicana de Valores (BMV). "With an increasing demand for peso-dominated ETFs,we feel certain that PowerShares' ETFs will benefit," said Ben Fulton,managing director of global ETFs for PowerShares.  All in all,a very busy week for investing in Mexico.

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