Colombian stocks are regional leaders best since 2002
Wednesday, April 25, 2012
Colombia, Latin America’s murder capital in the 1980s, produced the region’s best risk-adjusted stock returns over the past decade as improved security bolstered economic growth and foreign investment.
The Bloomberg Riskless Return Ranking shows the IGBC index returned 69 percent in the past 10 years after adjusting for volatility, the most among six major benchmark indexes in the region.
Colombia, the top performer also over five years and three years, had a volatility-adjusted return of almost six times that of the Bovespa gauge in Brazil in the past decade.