Brazil Stars Index: In good company
Strong management practices pay off: the M&E LatinFinance Brazil Stars Index outperforms the IBovespa by 53.6%
By Katie Llanos-Small
The 2013 M&E LatinFinance Brazil Stars Index has vastly outperformed the country’s other sustainability indices over the past three years. The index, which picks and weights companies by the strength of their management practices, returned 42.62% in the three years to December 28, 2012 – outperforming the Ibovespa, the benchmark index of the São Paulo Stock Exchange, by 53.6%, and ISE, Brazil’s main corporate sustainability index, by 19.31%.
The Brazil Stars Index comprises the 16 best-run Brazilian companies, weighted according to how sustainably they are run, in terms of management, performance and risks. The index takes into account several factors to weight components....
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