The countries of Latin America such as Argentina, Brazil, Chile, etc. hold lot of potential due to their immense natural wealth. Some of the Brazilian stocks had an incredible run in the past up until the credit crisis due to the demand for commodities.
So in general if an investor wants to pick up a few Latin American stocks where can he start?
To answer the above question, I selected the Bank of New York Mellon Latin America 35 ADR Index which contains some of the Top Latin American companies.
The following are the common stocks included in the above index:
1. Ambev – ABV
2. America Movil – AMX
3.Banco Bradesco – BBD
4. Banco Itau – ITU
5. Bancolombia – CIB
6. Brasil Telecom – BRP
7. Cemex – CX
8.Centrais Eletricas Brasileiras-Eletrobras – EBR
9.Companhia Brasileira de Distribuicao-CBD
10.Companhia Energetica de Minas Gerais-CEMIG – CIG
11.Companhia Siderurgica Nacional-CSN
12.Companhia Vale do Rio Doce-CVRD – RIO
13.Compania de Minas Buenaventura – BVN
14.CPFL Energia – CPL
15.Ecopetrol – EC
16.Embraer – ERJ
17.Endesa-Empresa Nacional de Electricidad – EOC
18.Enersis – ENI
19.Fomento Economico Mexicano – FMX
20.Gerdau – GGB
21.Grupo Televisa – TV
22.Net Servicos de Comunicacao – NETC
23.Perdigao – PDA
24.Petroleo Brasileiro – PBR
25.Soc. Quimica y Minera de Chile – SQM
26.Tele Norte Leste – TNE
27.Telefonos de Mexico – TMX
28.Tenaris – TS
29.Ultrapar – UGP
30.Unibanco – UBB