Colombia equity inflows boom

Colombia equity inflows boom

Funds

Colombia’s stock exchange outperformed its Latin American peers in March, as foreign investors increased their positions in the expectation of a stronger peso. Colombia’s benchmark COLCAP index rose 11% in March, according to Central Bank data, well above the 8.63% increase registered by the MSCI ME Latin America Index. Credicorp said JPMorgan’s decision to increase the weighting of Colombian peso-denominated sovereign debt in two fixed-income indexes was the main factor fueling the rally. “The

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