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Most convincing and coherent strategy by country

Argentina No of companies cited: 12
‘06 Company % of votes Sector
1 Tenaris 38.17 I
2 Telecom Argentina 21.37 T
3 Banco Macro Bansud 16.79 B
Brazil No of companies cited: 27
‘06 Company % of votes Sector
1 Companhia Vale do Rio Doce (CVRD) 18.31 M
2 Petrobras 11.27 O
3 AmBev 10.33 F
4 Grupo Gerdau 8.92 I
5= Gol Linhas Aéreas Inteligentes 4.69 A
5= Banco Itaú Holding Financeira 4.69 B
Chile No of companies cited: 18
‘06 Company % of votes Sector
1= Sociedad Química y Minera de Chile (SQM) 15.13 Ch
1= Cencosud 15.13 R
3 LAN Airlines 8.40 A
4 S.a.c.i Falabella 7.56 R
Colombia No of companies cited: 8
‘06 Company % of votes Sector
1 Bavaria 36.36 F
2 Bancolombia 27.27 B
3 Banco de la República Colombia 9.09 B
4 ISA 7.58

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