S&P Mila 40 gauges growing LatAm markets

The Mercado Integrado Latino Americano (Mila) was launched in May this year and provides a single platform for Chile, Colombia and Peru (the Andean markets). It is now the second largest market in the Latin American region, after Brazil. The index compiles the largest and most liquid stocks which trade on the integrated exchange. "The Andean markets have grown rapidly in the last 10 years, they have far outstripped the LatAm markets as a whole," says Alka Banerjee, vice president of Global Equity Indices at S&P in New York. The Mila 40 has had annualised return of 28% over the past...