Latin American ADRs Up Over 100% YTD

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 (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

Comments

[mywoodroffe]

You can track all latin-American ADRs live at nexalogic.com/latin.html

2009 Oct 07 02:12 PM

[Living4Dividends]

Wow! Thanks for the article

2009 Oct 08 06:51 AM

[MexCom]

Great to see my favorite stock GMK heading up this list. I didn't get in below the dollar mark when it looked like they were going to go bankrupt but did when the banks supported them and the news broke that they would seek financing. Now, the deal is almost done and the future news will show the details of the financing agreements and the restrictions on dividend payments. If more favorable than expectations, today's opening gap could be the prelude for another doubling in price.

Your post and analysis on the potential of these stocks was most welcome - the best I've seen to date on Seeking Alpha.

Look for my tweets: Search Gruma or my alias al0246

2009 Oct 08 10:02 AM

[tc1]

It would be nice if you could also have provided just a sentence or two on each one (even just a few phrases) so we have a better idea of which stocks are in sectors interesting to us.

But thank you for all the leads you've given us.

And yes, isn't EWZ (and Brazilian small-cap BRF, etc) amazing? More than 70% gain in just the last 6 months.

2009 Oct 08 10:42 AM