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S&P Latin America 40

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

The S&P Latin America 40 is one of seven headline indices making up S&P Global 1200 and includes highly liquid securities from major 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 USD$ 450.07 billion.

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

Constituent companies

As of June 30 2014, the constituent stocks of the S&P Latin America 40 are:

Company name Ticker symbol GICS Industry Country
ALFA BMVALFA A 20 Conglomerate Mexico Mexico
América Móvil BMVAMX L 50 Telecommunications Mexico Mexico
Banco Bradesco NYSEBBD 40 Banking Brazil Brazil
Banco Santander Chile NYSEBSAC 40 Banking Chile Chile
Banco de Chile BCS: CHILE 40 Banking Chile Chile
Banco do Brasil B3BBAS3 40 Banking Brazil Brazil
Bancolombia NYSECIB 40 Banking Colombia Colombia
BM&F Bovespa B3BVMF3 40 Stock Exchange Brazil Brazil
BRF S.A. NYSEBRFS 30 Food processing Brazil Brazil
CCR S.A. B3CCRO3 20 Transportation Brazil Brazil
Cemex BMVCEMEX CPO 15 Cement Mexico Mexico
Cencosud BCS: CENCOSUD 30 Retail Chile Chile
Cielo S.A. B3CIEL3 45 Financial services Brazil Brazil
Compañía de Minas Buenaventura NYSEBVN 15 Mining Peru Peru
Companhia Energetica de Minas Gerais (CEMIG) NYSECIG 55 Energy Brazil Brazil
Companhia Siderúrgica Nacional NYSESID 15 Steel Brazil Brazil
Companhia de Bebidas das Americas (AmBev) NYSEABEV 30 Beverages Brazil Brazil
CPFL Energia NYSECPL 55 Energy Brazil Brazil
Credicorp NYSEBAP 40 Banking Peru Peru
Ecopetrol NYSEEC 10 Oil Colombia Colombia
Grupo Elektra BMVELEKTRA * 25 Retail Mexico Mexico
Empresa Nacional de Electricidad (Endesa) NYSEEOC 55 Energy Chile Chile
Empresa Brasileira de Aeronáutica (Embraer) NYSEERJ 20 Aerospace/Defense Brazil Brazil
Empresas CMPC BCS: CMPC 15 Paper/Pulp Chile Chile
Empresas Copec BCS: COPEC 10 Energy Chile Chile
Enersis NYSEENI 55 Energy Chile Chile
Fomento Económico Mexicano (FEMSA) BMVFEMSA UBD 30 Beverages Mexico Mexico
Gerdau NYSEGGB 15 Steel Brazil Brazil
Grupo Financiero Banorte BMVGFNORTE O 40 Banking Mexico Mexico
Grupo Televisa BMVTLEVISA CPO 25 Media Mexico Mexico
Itaú Unibanco NYSEITUB 40 Banking Brazil Brazil
Itaúsa Investimentos Itau B3ITSA4 40 Brazil Brazil
LATAM Airlines Group NYSELFL 20 Airline Chile Chile
Petrobras NYSEPBR.A 10 Oil Brazil Brazil
S.A.C.I. Falabella BCS: FALABELLA 25 Retail Chile Chile
Sociedad Química y Minera de Chile NYSESQM 15 Agricultural Chemicals Chile Chile
Southern Copper Corp. NYSESCCO 15 Mining Peru Peru
Ultrapar Participacoes S.A. B3UGPA3 10 Energy Brazil Brazil
Vale NYSEVALE.P 15 Mining Brazil Brazil
Wal-Mart de México BMVWALMEX V 30 Retail Mexico Mexico

Country coverage

The country coverage is the following:

Country No. of issues Country weight
Brazil Brazil 17 52.9%
Chile Chile 10 9.8%
Mexico Mexico 8 30.7%
Peru Peru 3 4.1%
Colombia Colombia 2 2.4%
Total 40 100%

[2]

See also

References

  1. ^ Time to Buy These Top Ranked Latin America ETFs - May 28, 2013 - Zacks.com
  2. ^ "S&P Latin America 40 fact sheet" (PDF).