Costa Rican investors give neighboring markets the cold shoulder
Costa Rican investors are steering clear of stock markets in other Central American countries where they say interest rates are too low and assets lack liquidity.
Monday, June 9, 2008
Yet the markets in El Salvador and Panama have attractive features. Corporate debt dominates in Panama, while in El Salvador investors can acquire stocks in companies that are quoted on Wall Street.
The real estate and financial funds offered by Aldesa could be acquired through the Central America Money Market Brokers (CAMMB).
The market is now in its first stage of operations with transactions of government bonds and state owned institutions, which will be followed by corporate bonds.
Aureos Capital's Emerge Central America Growth Fund (EMERGE) has signed a cooperation agreement with Carlos Mora de la Orden, authorised sponsor of Costa Rica's junior stock market MAPA.
A group of executives of financial institutions are working with the Central Bank in search of solutions to the stock market stagnant growth.
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