S&P Latin America 40

Last updated

The S&P Latin America 40 is a stock market index from Standard & Poor's. It tracks Latin American stocks.

Contents

The S&P Latin America 40 is one of seven headline indices making up S&P Global 1200 and includes highly liquid securities from economic sectors of Mexican and South American equity markets. Companies from Brazil, Chile, Colombia, Mexico and Peru are represented in this index. Representing approximately 70% of each country's market capitalization, this index provides coverage of the large cap, liquid constituents of each key country in Latin America.

The S&P Latin America 40 is maintained by the S&P Index Committee, whose members include Standard and Poor's economists and index analysts. The goal of the Index Committee is to ensure that the S&P Latin America 40 remains an accurate measure of Latin American markets, reflecting the risk and return characteristics of the broader universe on an ongoing basis. As of 2010, S&P Latin America 40 consisted of forty companies with a market capitalization of US$450.07 billion.

There is an ETF tracking this index (NYSE Arca :  ILF). [1]

Constituent companies

As of 20 January 2022, the constituent stocks of the S&P Latin America 40 are: [2]

Company nameTicker symbol GICS IndustryCountry
AmBev NYSE :  ABEV 30 Beverages Brazil
América Móvil BMV :  AMX L 50 Telecommunications Mexico
B3 B3 :  B3SA3 40 Stock exchange Brazil
Banco Bradesco NYSE :  BBD 40 Banking Brazil
Banco Santander Chile NYSE :  BSAC 40 Banking Chile
Banco de Chile BCS : CHILE 40 Banking Chile
Banco do Brasil B3 :  BBAS3 40 Banking Brazil
Bancolombia NYSE :  CIB 40 Banking Colombia
BRF S.A. NYSE :  BRFS 30 Food processing Brazil
CCR S.A. B3 :  CCRO3 20 Transportation Brazil
Cemex BMV :  CEMEX CPO 15 Cement Mexico
Cencosud BCS : CENCOSUD 30 Retail Chile
Credicorp NYSE :  BAP 40 Banking Peru
Ecopetrol NYSE :  EC 10 Oil Colombia
Empresas CMPC BCS : CMPC 15 Pulp and paper Chile
Empresas Copec BCS : COPEC 10 Energy Chile
Enel Américas NYSE :  ENIA 55 Utilities Chile
Fomento Económico Mexicano (FEMSA) BMV :  FEMSA UBD 30 Beverages Mexico
Fibra Uno BMV :  FUNO 11 60 Real estate investment trust Mexico
Gerdau NYSE :  GGB 15 Steel Brazil
Grupo Financiero Banorte BMV :  GFNORTE O 40 Banking Mexico
Grupo México BMV :  GMEXICO B 15 Mining Mexico
Grupo Televisa BMV :  TLEVISA CPO 25 Media Mexico
Interconexión Eléctrica  [ es ] BVC : ISA 55 Utilities Colombia
Itaú Unibanco NYSE :  ITUB 40 Banking Brazil
Itaúsa Investimentos Itau B3 :  ITSA4 40 Banking Brazil
Localiza Rent A Car B3 :  RENT3 20 Car rental Brazil
Lojas Renner B3 :  LREN3 25 Retail Brazil
Magazine Luiza B3 :  MGLU3 25 Retail Brazil
Natura & Co B3 :  NTCO3 30 Cosmetics Brazil
PagSeguro NYSE :  PAGS 45 Mobile payment Brazil
Petrobras NYSE :  PBR
NYSE :  PBR.A
10 Oil Brazil
Rede D'Or São Luiz B3 :  RDOR3 35 Health care Brazil
S.A.C.I. Falabella BCS : FALABELLA 25 Retail Chile
Sociedad Química y Minera de Chile NYSE :  SQM 15 Agricultural chemicals Chile
Southern Copper Corp. NYSE :  SCCO 15 Mining Peru
StoneCo  [ pt ] NYSE :  STNE 45 Mobile payment Brazil
Vale NYSE :  VALE.P 15 Mining Brazil
Wal-Mart de México BMV :  WALMEX* 30 Retail Mexico
WEG Industries B3 :  WEGE3 20 Industrial engineering Brazil

Country coverage

As of 20 January 2022, the country coverage is the following: [3]

CountryNo. of companiesCountry weight
Brazil 2060.0%
Mexico 827.7%
Chile 86.4%
Peru 23.4%
Colombia 32.4%
Total40100.0%

See also

Related Research Articles

<span class="mw-page-title-main">S&P 500</span> American stock market index

The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. As of December 31, 2021, according to surveys, more than $7.1 trillion was invested in assets tied to the performance of the index.

<span class="mw-page-title-main">Mexican Stock Exchange</span> Mexican stock exchange

The Mexican Stock Exchange, commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchange in Latin America, only after São Paulo based B3 in Brasil. It is also the fifth largest stock exchange in the Americas. The exchange platform is owned by BMV Group, which also owns the derivative exchange MexDer and the custody agency Indeval.

An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges.

An emerging market is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were in the past. The term "frontier market" is used for developing countries with smaller, riskier, or more illiquid capital markets than "emerging". As of 2006, the economies of China and India are considered to be the largest emerging markets. According to The Economist, many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion. Emerging market economies’ share of global PPP-adjusted GDP has risen from 27 percent in 1960 to around 53 percent by 2013. The 10 largest emerging and developing economies by either nominal or PPP-adjusted GDP are 4 of the 5 BRICS countries along with Egypt, Indonesia, Mexico, South Korea, Saudi Arabia, Taiwan and Turkey.

<span class="mw-page-title-main">Russell 2000 Index</span> US small-cap stock market index

The Russell 2000 Index is a small-cap U.S. stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG).

<span class="mw-page-title-main">S&P/TSX Composite Index</span> Canadian stock market index

The S&P/TSX Composite Index is the benchmark Canadian index, representing roughly 70% of the total market capitalization on the Toronto Stock Exchange (TSX) with about 250 companies included in it. The Toronto Stock Exchange is made up of over 1,500 companies. It replaces the earlier TSE 300 index. On November 12, 2021 the S&P/TSX Composite Index reached an all-time closing high of 21,768.53. The intraday record high was made on November 16, 2021 at 21,796.16.

<span class="mw-page-title-main">NIFTY 500</span> Index of the Indian stock market

NIFTY 500 is India’s first broad-based stock market index of the Indian stock market. It contains top 500 listed companies on the NSE. The NIFTY 500 index represents about 96.1% of free float market capitalization and about 96.5% of the total turnover on the National Stock Exchange (NSE).

<span class="mw-page-title-main">S&P Global 1200</span> Global stock market index

The S&P Global 1200 Index is a free-float weighted stock market index of global equities from Standard & Poor's. The index was launched on Sep 30, 1999 and covers 31 countries and approximately 70 percent of global stock market capitalization. It is composed of seven regional indices:

The S&P/TSX 60 Index is a stock market index of 60 large companies listed on the Toronto Stock Exchange. Maintained by the Canadian S&P Index Committee, a unit of Standard & Poor's, it exposes the investor to nine industry sectors.

The S&P 100 Index is a stock market index of United States stocks maintained by Standard & Poor's.

The EURO STOXX 50 is a stock index of Eurozone stocks designed by STOXX, an index provider owned by Deutsche Börse Group. The index is composed of 50 stocks from 11 countries in the Eurozone.

<span class="mw-page-title-main">Santiago Stock Exchange</span>

The Santiago Stock Exchange (SSE), founded on November 27, 1893, is Chile's dominant stock exchange, and the third largest stock exchange in Latin America, behind Brazil's BM&F Bovespa, and the Bolsa Mexicana de Valores in Mexico. On December 5, 2014, the Santiago Stock Exchange announced it was joining the United Nations Sustainable Stock Exchanges (SSE) initiative, becoming the 17th Partner Exchange of the initiative.

<span class="mw-page-title-main">Swiss Market Index</span> Blue-chip stock market index of Switzerland

The Swiss Market Index (SMI) is Switzerland's blue-chip stock market index, which makes it the most followed in the country. It is made up of 20 of the largest and most liquid Swiss Performance Index (SPI) stocks. As a price index, the SMI is not adjusted for dividends.

Fundamentally based indexes or fundamental indexes, also called fundamentally weighted indexes, are indexes in which stocks are weighted according to factors related to their fundamentals such as earnings, dividends and assets, commonly used when performing corporate valuations. Indexes that use a composite of several fundamental factors attempt to average out sector biases that may arise from relying on a single fundamental factor. A key belief behind the fundamental index methodology is that underlying corporate accounting/valuation figures are more accurate estimators of a company's intrinsic value, rather than the listed market value of the company, i.e. that one should buy and sell companies in line with their accounting figures rather than according to their current market prices. In this sense fundamental indexing is linked to so-called fundamental analysis.

The S&P/ASX 300, or simply, ASX 300, is a stock market index of Australian stocks listed on the Australian Securities Exchange (ASX). The index is market-capitalisation weighted, meaning each company included is in proportion to the indexes total market value, and float-adjusted, meaning the index only considers shares available to public investors.

A frontier market is a term for a type of developing country's market economy which is more developed than a least developed country's, but too small, risky, or illiquid to be generally classified as an emerging market economy. The term is an economic term which was coined by International Finance Corporation’s Farida Khambata in 1992. The term is commonly used to describe the equity markets of the smaller and less accessible, but still "investable" countries of the developing world. The frontier, or pre-emerging equity markets are typically pursued by investors seeking high, long-run return potential as well as low correlations with other markets. Some frontier market countries were emerging markets in the past, but have regressed to frontier status.

The FTSE Global Equity Index Series is a series of stock market indices provided by FTSE Group. It was launched in September 2003, and provides coverage of over 16,000 stocks in 48 countries.

The S&P SmallCap 600 Index is a stock market index established by Standard & Poor's. It covers roughly the small-cap range of American stocks, using a capitalization-weighted index.

<span class="mw-page-title-main">Stock market index</span> Financial metric which investors use to determine market performance

In finance, a stock index, or stock market index, is an index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calculate market performance.

<span class="mw-page-title-main">Mercado Integrado Latinoamericano</span> Program to integrate the stock exchange markets of Chile, Colombia and Peru

The Mercado Integrado Latinoamericano, more commonly known as MILA, is a program that integrates the stock exchange markets of Chile, Colombia, Mexico, and Peru. The three founding members are the Lima Stock Exchange, the Santiago Stock Exchange, and the Colombia Stock Exchange. The integration aims to develop the capital market through the integration of the four countries, to give investors a greater supply of securities, issuers and also larger sources of funding.

References

  1. Time to Buy These Top Ranked Latin America ETFs - May 28, 2013 - Zacks.com
  2. "iShares Latin America 40 ETF". iShares by BlackRock . 2021-11-01. Retrieved 2021-11-03.
  3. "S&P Latin America 40 Index (USD) Factsheet" (PDF). S&P Dow Jones Indices . 2021-10-29. Retrieved 2021-11-04.