Latin American ADRs Up Over 100% YTD

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 |  Includes: ABEV, ARA, BAK, BBD, BBVA, BFR, BMA, BRF, CBD, EDN, GFA, GGAL, GGB, GMKYY, GOL, MGS, NETC, NTL, PDA, PVD, SID, TEO, TSU, TX, UCAP, VALE, VCP, VIV
by: David Hunkar

Emerging markets are the best performing markets this year. In these markets, the main market indexes of countries like Brazil have skyrocketed year-to-date (YTD) relative to other countries. For example, the MSCI Brazil Index ETF (NYSEARCA:EWZ) is up an incredible 99.42% as of September 30, 2009. Some of the Latin American ADRs have also had great runs.

The list below shows the Latin American ADRs which are up 100% or more as of Oct 6, 2009:

  • GRUMA - GMK
  • Gafisa - GFA
  • Ternium - TX
  • Nortel Invesora - NTL
  • Braskem - BAK
  • MetroGas - MGS
  • AFP Provida- PVD
  • Companhia Siderurgica Nacional- SID
  • Gol Linhas Aereas Inteligentes - GOL
  • Banco Macro- BMA
  • Grupo Financiero Galicia - GGAL
  • Telecom Argentina - TEO
  • Gerdau - GGB
  • Companhia Brasileira de Distribuicao - CBD
  • Vivo - VIV
  • Net Servicos de Comunicacao - NETC
  • AmBev - ABV
  • TIM Participacoes - TSU
  • Votorantim Celulose e Papel - VCP
  • Banco Bradesco - BBD
  • BRF - Brasil Foods - PDA
  • Edenor - EDN
  • AmBev - ABV
  • Aracruz Celulose - ARA
  • Vale - VALE
  • BBVA Banco Frances - BFR