Chile is a mineral rich country. Chile is the world’s biggest exporter of Copper. The country was ruled by the military dictator Augusto Pinochet from 1973 to 1990. During this time, many of the state owned firms were privatized under the guidance and advise of a team of economic experts who had earlier studied in the University of Chicago (known as the “Chicago Boys”). Due to the economic foundation created by them and the following governments, Chile is now a prosperous and stable country in South America.
There a 17 Chile stocks available as ADRs. Some of the stocks such as Lan Chile, Banco de Chile are great performers.
The following is the list of Chilean ADRs:
|1||AFP Provida||PVD||General Finance|
|2||Banco de Chile||BCH||Banks|
|3||Banco Santander Chile||SAN||Banks|
|4||Compania Cervecerias Unidas||CU||Beverages|
|5||Compania de Telecomunicaciones de Chile||CTC||Fixed Line Telecom.|
|7||Distribucion y Servicio||DYS||Food &Drug Retailers|
|9||Endesa-Empresa Nacional de Electricidad||EOC||Electricity|
|11||Inversiones Aguas Metropolitanas (IAM)||IAMTY||Gas,H20&Multiutility|
|12||Lan Airlines||LFL||Travel & Leisure|
|15||Soc. Quimica y Minera de Chile||SQM||Chemicals|
|16||Supermercados Unimarc||UNRMY||Food &Drug Retailers|
|17||Vina Concha y Toro||VCO||Beverages|