Just over two weeks after the end of this year, the S & P / BMV Fibras index accumulates a fall of 9.33%, standing at 108.66 units, which could mark its second strongest annual decline since 2012.
However, the real estate trust that has outperformed its peers in its listing on the stock market is Fibra Educa, the first investment vehicle in educational real estate. In this 2021 it has rebounded 56.67 percent.
While of the 10 real estate investment trusts (Fibras) that make up the index sample, only three register increases in their trading on the Mexican Stock Exchange. Fibra Hotel maintains a yield of 39.21% in this 2021; the industrial Fibra Prologis advanced 12.43% and Fibra Mty, which operates industrial, commercial and office real estate, gained 5.62% in the year.
While the low performers are Fibra HD, which this year carried out the business merger by transferring almost 71% of its outstanding capital stock to Fibra Plus, it falls 37.96% followed by Fibra Inn, focused on hotel real estate, which It has fallen by 22.72% and FibraShop, which rents shopping centers, has dropped by 17.67% throughout this 2021.
Analysts explain that in the year pressure factors have been added within real estate fibers, such as the increase in interest rates, the appearance of a new strain of coronavirus causing concerns about the rate of recovery in the sector, as well as high levels of inflation.
“The fiber sector has underperformed the rest of the market, but there are fibers more resilient than others, such as industrial fibers that have helped offset the challenges that have been observed as a result of the pandemic,” explained Roberto Solano, coordinator of Stock Market Analysis at Monex.
Indexes demolish myths
José Oriol Bosch, general director of the Mexican Stock Exchange (BMV), assured that stock indices are instruments that help to break paradigms in the market. One case has been those focused on sustainability.
“Years ago it was said that sustainability was a cost for companies and profitability had to be sacrificed. With our indices we have shown that all this was a myth, “said the executive during his participation in the event” Planning Tomorrow with Today’s Index Innovations “, organized by the BMV and by S&P Dow Jones Indices.
He added that the Sustainable IPC index, which was created in 2011, outperformed more than 2% when compared to the S & P / BMV IPC. While the S & P / BMV Total México ESG Index, launched on June 21, 2020, has a return of 37.14%, a level that has exceeded the main stock benchmark that in the same period has a yield close to 31.28 percent.
José Oriol Bosch recalled that on November 22, the BMV launched an index called S & P / BMV IPC ESG Tilted Index, which is underlying the IPC, but weighs the valuations in environmental, social and corporate governance (ASG) matters of the different issuers that compose it.
The new benchmark started at 1,193.83 points and at the close of the trading day this Tuesday it stood at 1,201.93 integers, which reflects a slight advance of 0.68 percent.
“The part of indices is dynamic, we are going to continue creating new indices,” said the CEO of the BMV.
Reference-www.eleconomista.com.mx