• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Summit 2021

      International Investment Nordic Summit 

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Equities

Focus on emerging markets - Colombia attracts foreign investors including funds

  • Investment Europe
  • 12 July 2012
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

An active equities fund in the Colombian market has attracted interest in, and money from, some institutional European investors, perhaps partly as the market has almost doubled in value since 2009.

An active equities fund in the Colombian market has attracted interest in, and money from, some institutional European investors, perhaps partly as the market has almost doubled in value since 2009.

The Luxembourg-based Colombia Equity vehicle of the Medellin-based Bolsa y Renta has caught the eyes of a southern European family office and of a German insurance company, which recently agreed to be cornerstone investors.

Related articles

  • Colombia Equity Fund targets European countries for distribution
  • Colombian equities expert enters Europe
  • LatAm report 6 - Colombia builds strong asset management platform
  • Global battle rages for LatAm wealth market clients

Despite such strong growth in the market, Linus Sluyter, head of business development at Bolsa y Renta, says he finds it surprising that there are almost no dedicated funds focused on Colombia.

He describes the country as “one of the most progressive rising stars in Latin America”.

There are two ETFs listed in New York focused on Colombia, and Bolsa y Renta’s actively managed fund, managed by Alejandro Correa (pictured), is another.

The fund is available to Europeans via a Luxembourg Ucits IV-compliant Sicav vehicle, registered for sale in Germany, with only slightly modified investment restrictions compared to its Colombian onshore fund.

Its domestic equities fund was launched in February 2007, and has since outperformed by 3.6% per year, taking into account the 3% management fee, versus its benchmark – the Colcap Index, consisting of the market’s 20 most liquid stocks. The fund has beat its peers in four of the past five years.

Since February 2007 it made 20% annualised, on 26.3% annualised volatility, and tracking error of 8.7% when measured in US dollars. Its beta is 0.92, its information ratio 0.75.

The fund is 100% Colombian equities. A glance through the exposure to Colombia of 30 Latin American equities funds early this year showed only two – Pioneer Funds Latin America Equity and F&C Latin America – had over the 4.1% allocation of the MSCI EM Latin America index, as of February.

 

123...6
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Equities
  • Emerging Markets
  • Latin America

More on Equities

M&G taps Value Partners for £500m Chinese equities mandate

  • Equities
  • 16 December 2020
Global equities tumble on covid-19 fears and US jitters

  • Equities
  • 27 October 2020
BMO Global AM launches sustainable equity fund in China

  • ESG
  • 25 August 2020
HSBC Singapore launches first AI-powered equity index structured note

  • Equities
  • 13 August 2020
Comment: Behind every complex valuation is a combination of science and judgement

  • Comment
  • 17 July 2020
Back to Top

Most read

SharingAlpha's 2020 top rated funds by category revealed
SharingAlpha's 2020 top rated funds by category revealed
DeVere launches equity fund with Columbia Threadneedle Investments
DeVere launches equity fund with Columbia Threadneedle Investments
Duff & Phelps opens Gibraltar office
Duff & Phelps opens Gibraltar office
HNWIs in SE Asia cite lack of financial knowledge as greatest concern: report
HNWIs in SE Asia cite lack of financial knowledge as greatest concern: report
Guardian WM is reborn as Skybound WM
Guardian WM is reborn as Skybound WM
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading