The global market of the Mexican Stock Exchange registers 3,000 securities listed
The number of companies that have reached the SIC grows year after year, in 2021 alone 341 foreign securities were listed (226 shares and 115 ETFs), including Marriot, Airbnb, Wish, Petco, Bumble, Universal Music, DiDi, Krispy Kreme, Duolingo and RobinHood Markets.
Of the 3,000 securities currently on the SIC, 55% correspond to stocks and 45% to ETFs. The majority (57%) are instruments listed in the United States and Canada, followed by European securities, with 37% of the total, and 6% belonging to Asia, South America, Africa and Oceania, according to a BMV statement. .
"The SIC offers an attractive offer to the demand of investors for having global exposure, the development of this offer has caused the market and the final investor to win, so we will always promote the healthy development of the market and that there are more and more investment options”, commented Marcos Martínez Gavica, Chairman of the Board of Directors of the BMV Group.
Read:
Mexico's stock market is getting smaller
The SIC has gained relevance in the Mexican market. Five years ago there were barely 1,215 listed securities, just over a third of what there is today. In addition, in 2016, the transaction amount represented 30% of the total, while at the end of 2021 it was 53% of the transactions in the entire market.
“Some of the advantages offered by the SIC to the Mexican market and to investors are that they maintain the same fiscal scheme as the local market, allowing for international diversification without the need to open investment contracts abroad, with operations in pesos and the same corporate and patrimonial rights are obtained as local investors”, detailed the BMV in its statement.
Although the traded value of the SIC already represents more than half of the total market, the volume is still low as it participates with less than 10% of the total traded shares. And of the 3,000 securities, the most prominent ones operated by amount in the last year were Apple, United States Steel, Tesla, Moderna and Occidental Petroleum, while the ETF's were linked to the S&P500 and US Treasury bonds, according to the BMV.
Types of Hats for Kids: The Perfect Hat for Every Occasion
19/05/2022When it comes to dressing up your kids, hats are a great way to add some personality and style. There are so many different types of hats for kids available on the market today, that it can be hard to...