BVC PERFORMANCE HITS THE MILA

BVC PERFORMANCE HITS THE MILA

The MILA (Spanish acronym for Latin American Integrated Market) composed for the Stock Exchange of Colombia, Peru and Chile presented negative results.

In the last quarter, the behavior of the Stock Exchange Markets of the countries that are members of the MILA was negative.

This situation is produced by the downward in the international prices of the crude WTI which drop below the US 80 p.b. line, creating a big impact in the IGBC (Spanish acronym for General Index of the Colombian Stock Exchange) and the dropping in the price of other commodities, particularly mining commodities also been hitting really hard the indexes of Chile and Peru.

This has been creating looses in the negotiations on the MILA, but being the IGBC the most hurt index, but also the one with largest chances to improve its performance, and also being a great investment opportunity for those investors who are willing to take a little risk in order to obtain larger profit due to the high possibility to the composition of the Colombian index, which drop 18% in the last 3 months, but with the strong numbers of the economy, the great financial performance of its economy and the industry starting the engines to take advantage of the FTAs, Colombia become in this scenario as the greatest investment opportunity.