S&P Latin America 40

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 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 (NYSE Arca: ILF).[1]

Constituent companies

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

Company nameTicker symbolGICSIndustryCountry
ALFA BMV: ALFA A 20 Conglomerate Mexico
América Móvil BMV: AMX L 50 Telecommunications Mexico
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
BM&F Bovespa B3: BVMF3 40 Stock Exchange Brazil
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
Cielo S.A. B3: CIEL3 45 Financial services Brazil
Compañía de Minas Buenaventura NYSE: BVN 15 Mining Peru
Companhia Energetica de Minas Gerais (CEMIG) NYSE: CIG 55 Energy Brazil
Companhia Siderúrgica Nacional NYSE: SID 15 Steel Brazil
Companhia de Bebidas das Americas (AmBev) NYSE: ABEV 30 Beverages Brazil
CPFL Energia NYSE: CPL 55 Energy Brazil
Credicorp NYSE: BAP 40 Banking Peru
Ecopetrol NYSE: EC 10 Oil Colombia
Grupo Elektra BMV: ELEKTRA * 25 Retail Mexico
Empresa Brasileira de Aeronáutica (Embraer) NYSE: ERJ 20 Aerospace/Defense Brazil
Empresas CMPC BCS: CMPC 15 Paper/Pulp Chile
Empresas Copec BCS: COPEC 10 Energy Chile
Enel Américas NYSE: ENIA 55 Energy Chile
Enel Generación Chile NYSE: EOCC 55 Energy Chile
Fomento Económico Mexicano (FEMSA) BMV: FEMSA UBD 30 Beverages Mexico
Gerdau NYSE: GGB 15 Steel Brazil
Grupo Financiero Banorte BMV: GFNORTE O 40 Banking Mexico
Grupo Televisa BMV: TLEVISA CPO 25 Media Mexico
Itaú Unibanco NYSE: ITUB 40 Banking Brazil
Itaúsa Investimentos Itau B3: ITSA4 40 Banking Brazil
LATAM Airlines Group NYSE: LFL 20 Airline Chile / Brazil
Petrobras NYSE: PBR.A 10 Oil 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
Ultrapar Participacoes S.A. B3: UGPA3 10 Energy Brazil
Vale NYSE: VALE.P 15 Mining Brazil
Wal-Mart de México BMV: WALMEX V 30 Retail Mexico

Country coverage

The country coverage is the following:

CountryNo. of issuesCountry weight
Brazil 18 52.9%
Chile 10 9.8%
Mexico 8 30.7%
Peru 3 4.1%
Colombia 2 2.4%
Total 40 100%

[2]

See also

References

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