Archive of posts filed under the Colombia category.

Bancolombia S.A. to Raise Dividends Next Year

Posted by on

Bancolombia S.A. (CIB) is the largest financial institution in Colombia. The bank is also the largest in the country based on assets. CIB was the first Colombian company that listed its ADR in the NYSE bank in the 1990s and has operations in other countries as well including Panama, El Salvador, Puerto Rico, the Cayman Islands, …

Continue reading ‘Bancolombia S.A. to Raise Dividends Next Year’ »

Colombian ADRs Could Rise Today After Conservative Victory

Posted by on

Colombia has elected Convservative Iván Duque as the next President in the runoff Presidential election held yesterday. Duque got 53.9% of the vote and beat leftist opponent Gustavo Petro. The pro-business friendly Duque has the support of former president Uribe and business leaders. From an article at The Guardian: Colombia has chosen Iván Duque, a conservative neophyte, …

Continue reading ‘Colombian ADRs Could Rise Today After Conservative Victory’ »

Colombia: An Attractive Emerging Market for 2010 and Beyond

Posted by on

The Colombian economy is the third largest in Latin America after Brazil and Mexico.The country has a population of 44 million and is rich in many natural resources such as oil, natural gas, titanium, copper and uranium. Colombia’s oil and natural gas deposits are one of the largest in Latin America. About 50% of the …

Continue reading ‘Colombia: An Attractive Emerging Market for 2010 and Beyond’ »

A Look At The GlobalX Funds’ Colombia ETF

Posted by on

Last year investors welcomed a few frontier markets ETFs such as the MENA Frontier Countries (PMNA) by PowerShares, the Africa ETF (AFK) and the Gulf States ETF (MES) from Market Vectors and the Frontier Markets (FRN) from Claymore/BNY Mellon.These frontier market ETFs can be extremely volatile and are suitable for investors who can take high …

Continue reading ‘A Look At The GlobalX Funds’ Colombia ETF’ »

EcoPetrol SA – A Newly Listed Colombian Stock in NYSE

Posted by on

EcoPetrol SA (EC) , the only integrated oil and natural gas company in Colombia, listed its stock today on the New York Stock Exchange as an American Depository Shares (ADS). Each ADS share represents 20 common shares.In November 2007, the company had a successful IPO in the Colombian stock market raising about US $10B. The …

Continue reading ‘EcoPetrol SA – A Newly Listed Colombian Stock in NYSE’ »