Economy / Colombia
IGBC And Ecopetrol Looking Great
March 2011 | Market StrategyBeing 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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