Global trends in emerging securities market institutional investment: implications for colombian reform

Foreign institutional investment (FII) in emerging securities markets, both debt and equity, has been a growing phenomenon particularly in past five years. Emerging market investing has become mainstream across the broad spectrum of industrial country-based institutions. The range of allocation possibilities once confined to a few country funds has extended geographically worldwide, and by instrument to include private placements derivatives, and international depository receipts in addition to more traditional instruments.