STOCK EXCHANGE IN EMERGING MARKETS: INTEGRATED LATIN AMERICA MARKET (MILA) - AN OPPORTUNITY FOR INVESTMENT

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Kurt Burneo Farfan ORCID logo, Edmundo R. Lizarzaburu ORCID logo, Gabriela Barriga Ampuero, Luis Berggrun Preciado, Julio Cisneros ORCID logo, Luis Eduardo Noriega Febres

https://doi.org/10.22495/cocv14i4c1art5

Abstract

The paper is an overview about the Integrated Latin America Market (MILA) until December 2014, including the Mexico Stock Market in the analysis. The papers describes how the market has been developing during the last five years, showing some aspects about the market capitalization, the most traded shares and the S&P MILA Andean 40 index. Besides the paper shows the benefits about the MILA to investors and the relation between the stock exchange index and the exchange rate in those markets, using a correlation model.

Keywords: Integrated Latin America Market, MILA, S&P MILA Andean 40, Stock Market, and Market Capitalization.

Received: 18.10.2016

Accepted: 27.12.2016

How to cite this paper: Farfan, K. B., Lizarzaburu. E. R. , Ampuero G. B., Preciado, L. B., Cisneros, J., & Noriega Febres, L. E. (2017). Stock exchange in emerging markets: Integrated Latin America Market (MILA) - an opportunity for investment. Corporate Ownership & Control, 14(4-1), 227-239. https://doi.org/10.22495/cocv14i4c1art5