New Peruvian ADS: Grana y Montero S.A.A.

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GRAM-logo

Lima,Peru-based Grana y Montero is the latest Peruvian company that started trading on the NYSE on July 24th, 2013 under the ticker GRAM. This holding company operates in four business segments: Engineering & Constructions, Infrastructure, Real Estate and Services.

The company’s successful IPO raised about $413 million by selling about 19.5 million ADS (American Depository Shares) at $21.13 per ADS. Each ADS represent five common shares.

From the company website:

Graña y Montero is a group of 23 engineering and infrastructure service companies operating in 7 countries in Latin America, with more than 4,500 professionals and over 9,500 employees.

Graña y Montero was founded in 1933 by three engineers. In 1997 it was listed on the Lima Stock Exchange.

After reaching as low as $18.74 since the listing, the stock price for GRAM ended at $20.79 on Friday.

Please visit Grana y Montero’s investor website for more information.

Disclosure: No Positions

The Five Best and Worst Performing Exchange-listed Latin American Stocks YTD

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The Five Best-Performing Exchange-listed Latin American Stocks YTD are listed below:

1.Company: Gruma SAB de CV (GMK)
Current Dividend Yield: N/A
YTD Change: 84.88%
Country: Mexico

2.Company: Telecom Argentina (TEO)
Current Dividend Yield: 4.54%
YTD Change: 70.21%
Country: Argentina

3.Company: Industrias Bachoco (IBA)
Current Dividend Yield: 1.38%
YTD Change: 44.73%
Country: Mexico

4.Company: Maxcom Telecomunicaciones (MXT)
Current Dividend Yield: N/A
YTD Change: 41.95%
Country: Mexico

5.Company: Edenor (EDN)
Current Dividend Yield:N/A
YTD Change: 38.46%
Country: Argentina

The Five Worst-Performing Exchange-listed Latin American Stocks YTD are listed below:

1.Company: Latam Airlines Group (LFL)
Current Dividend Yield: 0.08%
YTD Change: -38.12%
Country: Chile

2.Company: Soc. Quimica y Minera de Chile (SQM)
Current Dividend Yield: 3.20%
YTD Change: -45.35%
Country: Chile

3.Company: Oi SA (OIBR)
Current Dividend Yield: -54.88%
YTD Change: 16.68%
Country: Brazil

4.Company: Compania de Minas Buenaventura (BVN)
Current Dividend Yield: 4.13%
YTD Change: -67.71%
Country: Peru

5.Company: Desarrolladora Homex (HXM)
Current Dividend Yield: N/A
YTD Change: -80.69%
Country: Mexico

Note: Dividend yields and YTD changes noted are as of Sep 13, 2013. Data is known to be accurate from sources used.Please use your own due diligence before making any investment decisions.

Disclosure: No Positions

Knowledge is Power: Domino Effect, Emerging Markets, UK Recovery Edition

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Waste vs. Value in American Health Care (NY Times)

What happens to stocks when a Fed chief exits? (The Star)

Britain’s economic recovery: three key challenges to long-term growth (The Guardian)

Who are Canada’s top 1%? (CBC)

The Domino Defect: Five Years After Crisis, Banks No Better Off (Der Spiegel)

U.S. consumer stocks getting ahead of themselves (The Globe and Mail)

Why you should be investing in stocks right now (MoneyWeek)

Are emerging markets at the perfect entry point? (Trustnet)

The secret to long life: Make money but do good — Elaine Chin (Canadian Business)

Washington-National-Mall

Washington Monument, Washington, DC, USA

Knowledge is Power: Emerging Markets, Mercantilism, Bad Jobs Edition

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Is the bullish U.S. stock story about to change (The Star)

Why commodity markets are in for a rude awakening (MacClean’s )

Privatisation in the euro area: Differing attitudes towards public assets (Deutsche Bank Research)

Good jobs, bad jobs (OECD Insights)

Three Scenarios for Brazil (Global Finance)

Could emerging market turmoil delay tapering until 2014? – Erica Alini (Canadian Business)

What was mercantilism? (The Economist)

The Netherlands’ prolonged slump (MoneyWeek)

Making the most of those times when markets over-react (Financial Post)

As growth stutters in emerging markets… Is now the time to pick up a bargain? (This is Money)

  

American-Falls

 

American Falls, U.S.A.

Knowledge is Power: Banks, Gold Edition

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Lloyds leaps back to profit, seeks dividend approval (CityWire, UK)

Six Years After Crisis, Banks Are Poised to Rule the S&P 500 (Bloomberg)

Frontier markets: A contrarian defensive play? (Trustnet)

Have we seen the worst of the gold stock horror show? (Financial Post)

Revolution hits the potash market: is this a buying opportunity? (MoneyWeek)

20 U.S. stocks mixing value, profit growth (The Globe and Mail)

Hidden pitfalls of leverage  (MarketWatch)

Global income convergence – myth and reality (Deutsche Bank Research)

Will China’s economy avoid the doldrums? (OECD Observer)

Chicago

 Chicago