Complete List of Chilean ADR Stocks

Chile is mainly a commodity-based economy.The 2008 GDP per capita was $10,117. Chile is the largest exporter of copper in the world. Besides copper, Chile is also one of the largest exporters of wine.

The main stock market index is “The Selective Stock Price Index” or IPSA:

“The IPSA Index is a Total Return Index and is composed of the 40 stocks with thehighest average annual trading volume in the Santiago Stock Exchange (Bolsa de Comercio de Santiago). On the last trading day of the year, the index is re-based back to 1000. The index has been calculated since 1977 and is revised on a quarterly basis.”

Stock Exchange: Bolsa de Comercio de Santiago

The Complete List of ADRs from Chile traded in the U.S. organized exchanges are listed below:

ADR Name	Ticker	Industry
AFP Provida	PVD	Financial Services
Banco de Chile	BCH	Banks
Banco Santander Chile	SAN	Banks
Compania Cervecerias Unidas	CCU	Beverages
Corpbanca	BCA	Banks
Embotelladora Andina - A Shares	AKO.A	Beverages
Embotelladora Andina - B Shares	AKO.B	Beverages
Endesa-Empresa Nacional de Electricidad	EOC	Electricity
Enersis	ENI	Electricity
Lan Airlines	LFL	Travel & Leisure
Soc. Quimica y Minera de Chile	SQM	Chemicals
Vina Concha y Toro	VCO	Beverages

Related ETFs and Closed-End Funds:

• iShares MSCI Brazil Index (ECH)
• The Chile Fund (CH)

Comments

[Mad Hedge F...:]

SQM! If we do move from a carbon to a lithium based economy, what are the implications? Will we all become mellow? Politicians, industrialists, and environmentalists who see battery powered vehicles as the wave of the future are overlooking the fact that 50% of the world reserves of lithium are found in impoverished, landlocked Bolivia. This is a country that, until now, was best known for killing off famous foreigners (Che Guevara, Butch Cassidy, and the Sundance Kid), and being the source of a new form of venereal disease. Lithium ion batteries are four times more efficient than the current generation of nickel cadmium ones, and are essential for electric cars to finally become economically viable. But now that the country finally has something the world wants, nationalism is rearing its ugly head. Local politicians see their country as the Saudi Arabia of the highly corrosive, toxic, reactive metal, and are already discussing ways to restrict access. Will La Paz become the headquarters of OLEC, the Organization of Lithium Exporting Countries? The only other supplies are to be found in Chile, Argentina, Australia, China, and Nevada. Should the US invade to insure supplies? Iraq worked didn’t it? The safer way for opportunistic investors to play this is to look at Sociedad Quimica Y Minera (SQM), Chile’s largest producer of lithium, which has already seen its shares nearly triple this year.

Oct 26 10:51 AM

[Chancer:]

The Bolivian Minister of the Interior said (I saw on tv) that those who want Bolivia's lithium have to agree to manufacture the batteries and vehicles IN Bolivia. Bolivia has a history of really, really failing in negotiations with foreign countries and corporations with unreasonable demands that send the other side packing and performance failures. Their attitude is often like they are attempting to get even for hundreds of years of poor treatment by multinationals and foreign governments.

In addition, Bolivia's political instability causes severe disruptions for foreign companies with "just in time" inventory systems. The standard form of protest in Bolivia is to shut down nationwide transportation (trucks and airlines). If you are producing anything for export, your product can be stuck there for many weeks. The government is not very good at quickly resolving these political disputes.

At present, there is a significant Bolivian secession movement in some provinces. The government is moving to take large ranches and farms by force. The rule of law also has a horrible record in Bolivia.

If there are other choices, it is better to pass on Bolivia. I think most companies will choose to ignore them.


On Oct 26 10:51 AM Mad Hedge Fund Trader wrote:

> SQM! If we do move from a carbon to a lithium based economy, what
> are the implications? Will we all become mellow? Politicians, industrialists,
> and environmentalists who see battery powered vehicles as the wave
> of the future are overlooking the fact that 50% of the world reserves
> of lithium are found in impoverished, landlocked Bolivia. This is
> a country that, until now, was best known for killing off famous
> foreigners (Che Guevara, Butch Cassidy, and the Sundance Kid), and
> being the source of a new form of venereal disease. Lithium ion batteries
> are four times more efficient than the current generation of nickel
> cadmium ones, and are essential for electric cars to finally become
> economically viable. But now that the country finally has something
> the world wants, nationalism is rearing its ugly head. Local politicians
> see their country as the Saudi Arabia of the highly corrosive, toxic,
> reactive metal, and are already discussing ways to restrict access.
> Will La Paz become the headquarters of OLEC, the Organization of
> Lithium Exporting Countries? The only other supplies are to be found
> in Chile, Argentina, Australia, China, and Nevada. Should the US
> invade to insure supplies? Iraq worked didn’t it? The safer way for
> opportunistic investors to play this is to look at Sociedad Quimica
> Y Minera (seekingalpha.com/symbo...), Chile’s largest producer
> of lithium, which has already seen its shares nearly triple this
> year.

Oct 27 01:46 PM

[Trevose_Lion:]

To correct your article ECH is iShares MSCI Chile index, not Brazil's. Brazil is EWZ.

Oct 28 01:56 AM