March 2006

Most convincing and coherent strategy By sector



Autos and auto parts No of companies cited: 1
‘06 Company % of votes Country
1 Sofasa 100.00 Colombia
Banking and financial No of companies cited: 18
‘06 Company % of votes Country
1 Grupo Financiero Banorte 20.53 Mexico
2 Banco Bradesco 16.32 Brazil
3 Banco Itaú Holding Financeira 12.63 Brazil
4 Banco de Crédito BCP 8.42 Peru
5= Banco Macro Bansud 6.32 Argentina
5= Bancolombia 6.32 Colombia
Chemicals No of companies cited: 7
‘06 Company % of votes Country
1 Sociedad Química y Minera de Chile (SQM) 27.59 Chile
2= Soquimich Comercial 13.79 Chile
2= Mexichem 13.79 Mexico
4= Braskem 12.63 Brazil
4= Quimpac 12.63 Peru
Conglomerates No of companies cited: 11
‘06 Company % of votes Country
1 Alfa 28.92 Mexico
2 Grupo Carso 18.07 Mexico
3= Itausa – Investimentos Itau 9.64 Brazil
3= Grupo Imsa 9.64 Mexico
5 Quienco 8.43 Chile
Construction No of companies cited: 18
‘06 Company % of votes Country
1 Corporación GEO 14.18 Mexico
2 Cemex 11.19 Mexico
3= Desarrolladora Homex 9.70 Mexico
3= Consorcio ARA 9.70 Mexico
5 Compania de Cemento Argos 8.96 Colombia
Consumer goods No of companies cited: 8
‘06 Company % of votes Country
1 Natura Cosmeticos 30.00 Brazil
2 Lojas Renner 17.50 Brazil
3= Alsea 10.00 Mexico
3= Grupo Bimbo 10.00 Mexico
3= Walmex/Wal-Mart de México 10.00 Mexico
3= Grupo Sanborns 10.00 Mexico
Food drink and tobacco No of companies cited: 23
‘06 Company % of votes Country
1 AmBev 14.04 Brazil
2 Fomento Economico Mexicano (Femsa) 10.67 Mexico
3 Perdigao 10.11 Brazil
4 Grupo Modelo 8.99 Mexico
5 Grupo Bimbo 8.43 Mexico
Insurance No of companies cited: 3
‘06 Company % of votes Country
1= Consorcio ARA 40.00 Mexico
1= Rimac Internacional 40.00 Peru
3 Interseguro 20.00 Peru
IT/software No of companies cited: 1
‘06 Company % of votes Country
1 Sysgold 100.00 Colombia
Media No of companies cited: 6
‘06 Company % of votes Country
1 Grupo Televisa 64.86 Mexico
2 TV Azteca 12.16 Mexico
3 Net Servicos de Comunicação 10.81 Brazil
4 Cantv 5.41 Venezuela
5 Chilevisión 4.05 Chile
Metals and mining No of companies cited: 20
‘06 Company % of votes Country
1 Companhia Vale do Rio Doce (CVRD) 22.16 Brazil
2 Grupo México 17.30 Mexico
3 Grupo Gerdau 11.35 Brazil
4 Antofagasta 7.57 Chile
5 Compaía de Minas Buenaventura 7.03 Peru
Oil and gas No of companies cited: 9
‘06 Company % of votes Country
1 Petrobras 56.34 Brazil
2= Tenaris 9.86 Argentina
2= Promigas 9.86 Colombia
4 EcoPetrol 5.63 Colombia
5= Pluspetrol 4.23 Argentina
5= Repsol YPF 4.23 Argentina
5= Petróleos de Venezuela 4.23 Venezuela
Petrochemicals No of companies cited: 8
‘06 Company % of votes Country
1 Braskem 38.89 Brazil
2 Suzano Petroquímica 14.81 Brazil
3 Ultrapar Participaçoes 11.11 Brazil
Pharmaceutical No of companies cited: 2
‘06 Company % of votes Country
1 Química Suiza 57.14 Peru
2 Farmacias Ahumada 42.86 Chile
Property No of companies cited: 8
‘06 Company % of votes Country
1 Urbi Desarrollos Urbanos 20.00 Mexico
2= Desarrolladora Homex 17.14 Mexico
2= Corporación GEO 17.14 Mexico
4= Irsa Inversiones y Representaciones (IRSA) 11.43 Argentina
4= Grupo Acción 11.43 Mexico
4= Cyrela Brazil Realty 11.43 Brazil
Retail No of companies cited: 14
‘06 Company % of votes Country
1 Walmex/Wal-Mart de México 29.82 Mexico
2 Cencosud 14.91 Chile
3 La Polar 9.65 Chile
4 S.a.c.i Falabella 8.77 Chile
5 Controladora Comercial Mexicana 7.89 Mexico
Technology Scores are percentages of a total of 4 weighted votes cast for this company
‘06 Company % of votes Country
1 Submarino 100.00 Brazil
Telecoms cellular No of companies cited: 11
‘06 Company % of votes Country
1 América Móvil 54.13 Mexico
2 Tele Celular Sul Participacoes 11.01 Brazil
3 Teléfonos de México (Telmex) 7.34 Mexico
4= Telemig Celular Participaçoes 6.42 Brazil
4= Empresa Nacional Telecom Chile (Entel) 6.42 Chile
Telecoms fixed No of companies cited:12
‘06 Company % of votes Country
1 Teléfonos de México (Telmex) 25.21 Mexico
2 Telemar Norte Leste 17.65 Brazil
3 Telecom Argentina 10.08 Argentina
4 Telecomunicaçoes de São Paulo (Telesp) 8.40 Brazil
5= Axtel 7.56 Mexico
5= Telefónica de Argentina 7.56 Argentina
Textiles No of companies cited: 3
‘06 Company % of votes Country
1 Textiles Fabricato Tejicondor 44.44 Colombia
2 Coltejer 33.33 Colombia
3 Leonisa 22.22 Colombia
Transport and shipping No of companies cited: 6
‘06 Company % of votes Country
1 LAN Airlines 32.14 Chile
2 Gol Linhas Aéreas Inteligentes 28.57 Brazil
3= All America Latina Logistica(All America) 12.50 Brazil
3= CSAV 12.50 Chile
Utilities No of companies cited: 10
‘06 Company % of votes Country
1 CPFL Energia 19.15 Brazil
2 Endesa Chile 14.89 Chile
3 Enersis 12.77 Chile
Small caps Companies cited by analysts
Company Country
Sare Holding Mexico
Corporativo Fragua Mexico
Companhia Petroquimica do Sul (Copesul) Brazil
Alsea Mexico
Empresa Electrica Pehuenche Chile
Submarino Brazil
CCR – Companhia de Concessões Rodoviárias Brazil
Natura Cosmeticos Brazil
Lojas Renner Brazil
Iochpe-Maxion Brazil
Cyrela Brazil Realty Brazil


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