NEW YORK ( TheStreet) -- Barron's ran a feature article over the weekend about the merits of investing in financial stocks from the Andean countries of Peru, Chile and Colombia. This was of great interest to me as I have been writing about investing in Chile for many years, added Colombian exposure for clients at the start of the year (albeit in a different sector) and said in an appearance on CNBC in June that Peru was a buy despite the presidential election victory by Ollanta Humala, who is perceived to be unfriendly to business.The short version of the story is that these countries have stuff (mostly resources in the ground) that the rest of the world needs. These resources are creating newfound prosperity and a tailwind for the equities of these countries, including financials. The article mentions Santander de Chile (SAN), Bancolombia (CIB) and Creditcorp (BAP) from Peru. Readers will be aware of a similar story with Brazil but the Andean countries are, to use a baseball analogy, in the earlier innings of this effect.
iShares, Global X ETFs Offer Andean Entry
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