A stock index tracking the valuations of the best-managed Latin
American companies has been launched by Spain-based consultancy
Management & Excellence, jointly with LatinFinance.
The index, launched on July 1, tracks 16 companies, eight of
which have been carried over from a companion index of
best-managed firms, Brazil Stars. The others are spread across
the region, and stand out for their strong corporate
governance, productivity and effectiveness.
LatAm Stars will be benchmarked against the MSCI EM LatAm
index. The benchmark is made up of 143 components, and returned
a loss of 13.9% last year.
The first numerical comparisons of how the new index stacks
up will be available towards the end of 2014, says William Cox,
chief executive of M&E.
"We found with the Brazil Stars and the Hong...
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