Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / Colombia

IGBC And Ecopetrol Looking Great

March 2011 | Market Strategy

Being a major net oil exporter, we continue to like Colombia from a fundamental perspective in light of the recent uptick in global oil prices (see our online service, February 24, 'Macro Impact Of Oil Price Surge'). Indeed, while most Latin American equity markets have suffered in recent weeks, Colombia's benchmark IGBC index has traded higher, making over 8% of gains since February 21.

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