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Fidelity® Emerging Markets Index Fund
Quarterly Holdings Report for Fidelity® Emerging Markets Index Fund January 31, 2021 EMX-QTLY-0321 1.929351.109 Schedule of Investments January 31, 2021 (Unaudited) Showing Percentage of Net Assets Common Stocks – 92.5% Shares Value Shares Value Argentina – 0.0% Lojas Americanas SA rights 2/4/21 (b) 4,427 $ 3,722 Telecom Argentina SA Class B sponsored ADR (a) 48,935 $ 317,099 Lojas Renner SA 444,459 3,368,738 YPF SA Class D sponsored ADR (b) 99,119 361,784 Magazine Luiza SA 1,634,124 7,547,303 Multiplan Empreendimentos Imobiliarios SA 156,958 608,164 TOTAL ARGENTINA 678,883 Natura & Co. Holding SA 499,390 4,477,844 Notre Dame Intermedica Participacoes SA 289,718 5,003,902 Bailiwick of Jersey – 0.1% Petrobras Distribuidora SA 421,700 1,792,730 Polymetal International PLC 131,532 2,850,845 Petroleo Brasileiro SA ‑ Petrobras (ON) 2,103,697 10,508,104 Raia Drogasil SA 602,000 2,741,865 Bermuda – 0.7% Rumo SA (b) 724,700 2,688,783 Alibaba Health Information Technology Ltd. (b) 2,256,000 7,070,686 Sul America SA unit 165,877 1,209,956 Alibaba Pictures Group Ltd. (b) 6,760,000 854,455 Suzano Papel e Celulose SA (b) 418,317 4,744,045 Beijing Enterprises Water Group Ltd. 2,816,000 1,147,720 Telefonica Brasil SA 250,600 2,070,242 Brilliance China Automotive Holdings Ltd. 1,692,000 1,331,209 TIM SA 475,200 1,155,127 China Gas Holdings Ltd. 1,461,000 5,163,177 Totvs SA 274,600 1,425,346 China Resource Gas Group Ltd. -
Latin America's Leading Mining & Investment Expo and Conference
650 80 200+ 150+ 30 200+ ATTENDEES SPEAKERS MINING INVESTORS COUNTRIES MEETINGS COMPANIES REPRESENTED ARRANGED www.mininglatam.com Sponsors, Partners & Supporting Organisations PLATINUM & COCKTAIL SPONSOR GOLD SPONSOR SILVER SPONSORS BRONZE SPONSORS MASGLAS MINING PARTNERS AIRLINE PARTNER SUPPORTING ORGANISATIONS MEDIA PARTNERS COUNTRY PARTNER www.mineriaenergia.com Register your place today www.mininglatam.com Latin America’s leading Mining & Investment Expo and Conference Connecting the entire mining community Meet the senior decision-makers from the biggest players in the Latin American mining industry 650 80+ 4 150+ 200+ 30 ATTENDEES WORLD CLASS SPEAKERS STAGES INVESTORS MINING COMPANIES COUNTRIES REPRESENTED Atrracting a senior audience, The best speakers in the industry 2 days packed with over 20 hours Meet local and international Meet the leading mining Opportunity to exchange 72% of which are government taking attendees on a journey of content, inspirational sessions investors with real interest in companies and find out the experiences with the global officials,miners and investors through Commodity prices, led by our expert speakers: Main investment opportunities in the latest mining projects in Latin community from different parts of looking for new business Financing Trends, Country Conference room, Junior Miner Latam Mining industry America Latin America opportunities Insights, CSR and more Roadshow, CSR Roundtable, Major Roundtable AUDIENCE BREAKDOWN COUNTRY BREAKDOWN SENIORITY BREAKDOWN 20% Canada 10% Government 5% Europe -
Informe De Flujos
Foreigners Showed Net Selling Position Market Note Local Market Flows January 2021 ANALYST CERTIFICATIONS AND REQUIRED DISCLOSURES BEGIN ON PAGE 8 Foreigners Showed Net Selling Capital Market Structuring Department Position Investment Solutions Management [email protected] om.co In January, foreigners recorded high outflows for a net amount of COP102.4 bn. Their total flows represented 39% of total flows for the month, increasing their participation 9% compared to December. Amongst the most bought and sold shares, the same three names stand out, with net sales flows: Ecopetrol, with a COLCAP Evolution Last 12 Months net outflow of COP45.9 bn, Bancolombia pref., with a net outflow of COP16.5 bn, and ISA, with a net outflow that reached COP7.3 bn. volumen USD Colcap Pension funds maintained their net buying position, represented by an adjusted 200 1800 amount of COP1.5 bn. In this month, the most purchased share by pension 1700 1600 funds was Ecopetrol, with a flow of COP89.7 bn, followed by the ETF Icolcap, 150 with COP83.7 bn, while the best-selling asset was Bancolombia pref., with a 1500 flow of COP110.3 bn. 1400 100 1300 Points On the other hand, individuals recorded the highest purchase flow with a net US$ mn 1200 amount of COP76.8 bn. The most representative purchases were seen in 1100 50 Ecopetrol (COP96.3 bn) and Bancolombia pref. (COP90.4 bn). Finally, 1000 foreigners had the highest participation in the trading rounds, with 39% of total 900 market flows, followed by pension funds and individuals, with 16% and 15%, 0 800 respectively. -
Latin American State Oil Companies and Climate
LATIN AMERICAN STATE OIL COMPANIES AND CLIMATE CHANGE Decarbonization Strategies and Role in the Energy Transition Lisa Viscidi, Sarah Phillips, Paola Carvajal, and Carlos Sucre JUNE 2020 Authors • Lisa Viscidi, Director, Energy, Climate Change & Extractive Industries Program at the Inter-American Dialogue. • Sarah Phillips, Assistant, Energy, Climate Change & Extractive Industries Program at the Inter-American Dialogue. • Paola Carvajal, Consultant, Mining, Geothermal Energy and Hydrocarbons Cluster, Inter-American Development Bank. • Carlos Sucre, Extractives Specialist, Mining, Geothermal Energy and Hydrocarbons Cluster, Inter-American Development Bank. Acknowledgments We would like to thank Columbia University's Center on Global Energy Policy and Philippe Benoit, Adjunct Senior Research Scholar at the Center, for inviting us to participate in the workshop on engaging state-owned enterprises in climate action, a meeting which played an instrumental role in informing this report. We would also like to thank Nate Graham, Program Associate for the Inter-American Dialogue’s Energy, Climate Change & Extractive Industries Program, for his assistance. This report was made possible by support from the Inter-American Development Bank in collaboration with the Inter- American Dialogue’s Energy, Climate Change & Extractive Industries Program. The opinions expressed in this publication are those of the authors and do not necessarily reflect the views of the Inter- American Development Bank, its Board of Directors, or the countries they represent. The views contained herein also do not necessarily reflect the consensus views of the board, staff, and members of the Inter-American Dialogue or any of its partners, donors, and/or supporting institutions. First Edition Cover photo: Pxhere / CC0 Layout: Inter-American Dialogue Copyright © 2020 Inter-American Dialogue and Inter-American Development Bank. -
Presentación De Powerpoint
PRESENTACIÓN SEMANAL 5 de abril de 2021 PRINCIPALES CONCLUSIONES EN ESTE REPORTE Contexto En marzo, se crearon 916 mil nóminas no agrícolas en Estados Unidos, por encima de la expectativa del mercado. La dinámica del mercado laboral en este periodo se vio favorecida por el avance en la vacunación y la aprobación del paquete fiscal por USD 1.9 billones. En todo caso, frente a febrero del año 2020, permanece una destrucción de 8.4 millones de puestos de trabajo. El Banco Mundial revisó al alza sus perspectivas de crecimiento para América Latina y el Caribe, desde -7.9% y 4% en 2020 y 2021, hasta -6.7% y 4.4%, respectivamente. Para Colombia, revisó su pronóstico de crecimiento para 2021 hasta 5%, desde 4.9%, una cifra consistente con la que recientemente publicó el Ministerio de Hacienda en su Plan Financiero. En Colombia, la tasa de desempleo en el total nacional fue de 15.9% en febrero. Frente a febrero de 2020, permanece una destrucción de 1.18 millones de puestos de trabajo. En sus minutas de la reunión del 26 de marzo, los codirectores insistieron en la necesidad de que se apruebe por parte del congreso un programa de ajuste fiscal que apunte a garantizar la sostenibilidad de las finanzas públicas que le permita al Banco de la República mantener una política monetaria expansionista sin comprometer la estabilidad macroeconómica. Reconocieron además el ajuste en las condiciones financieras derivado de las desvalorizaciones recientes en los Tesoros americanos, aunque insistieron en que aún prevalece un ambiente de alta liquidez global. -
Grupo Aval Acciones Y Valores S.A
GRUPO AVAL ACCIONES Y VALORES S.A. JUNTA DIRECTIVA La Sociedad tiene una Junta Directiva compuesta por siete miembros principales con sus correspondientes suplentes personales, elegida ordinariamente en los meses de marzo y septiembre por la Asamblea General de Accionistas, por período de un año, siendo reelegibles indefinidamente. La Asamblea General de Accionistas de Grupo Aval Acciones y Valores S.A. en sesión ordinaria que tuvo lugar el 31 de marzo de 2016, eligió como miembros de la Junta Directiva de la sociedad, para el período que comprendido entre el 31 de marzo de 2016 y el 31 de marzo de 2017, a las siguientes personas: Junta Directiva Grupo Aval Principales Suplentes Luis Carlos Sarmiento Angulo Mauricio Cárdenas Müller Alejandro Figueroa Jaramillo Juan María Robledo Uribe Efraín Otero Álvarez Juan Camilo Ángel Mejía Álvaro Velásquez Cock Ana María Cuéllar de Jaramillo Julio Leonzo Álvarez Álvarez (*) Fabio Castellanos Ordóñez (*) Luis Fernando Ramírez Acuña (*) Germán Michelsen Cuéllar Esther América Paz Montoya (*) Germán Villamil Pardo (*) *Miembros independientes. El Nuevo Código de Mejores Prácticas Corporativas de Colombia (en adelante, “Nuevo Código País”) como parte de las buenas prácticas en materia de gobierno corporativo recomienda a los emisores de valores identificar a sus miembros de Junta Directiva de acuerdo con las siguientes categorías según su origen: Miembro Ejecutivo: Son los representantes legales o de la Alta Gerencia que participan en la gestión del día a día de la sociedad. Miembro Independiente: Quienes, como mínimo, cumplen con los requisitos de independencia establecidos en la Ley 964 de 2005 o las normas que la modifiquen o sustituyan, y demás reglamentación interna expedida por la sociedad para considerarlos como tales, independientemente del accionista o grupo de accionistas que los haya nominado y/o votado. -
Aplicación De Las Herramientas Y Análisis Técnico a Las Acciones De
APLICACIÓN DE LAS HERRAMIENTAS DE ANÁLISIS TÉCNICO A LAS ACCIONES DE MAYOR LIQUIDEZ QUE COMPONEN EL ÍNDICE COLCAP LINA MERCEDES GUERRERO DURAN UNIVERSIDAD DE SANTANDER - UDES MAESTRÍA EN FINANZAS BUCARAMANGA, SANTANDER 2015 1 APLICACIÓN DE LAS HERRAMIENTAS DE ANÁLISIS TÉCNICO A LAS ACCIONES DE MAYOR LIQUIDEZ QUE COMPONEN EL ÍNDICE COLCAP LINA MERCEDES GUERRERO DURAN Director EDGAR LUNA GONZALEZ UNIVERSIDAD DE SANTANDER - UDES MAESTRÍA EN FINANZAS BUCARAMANA, SANTANDER 2015 2 Tabla de contenido Lista de Tablas ........................................................................................................................... 5 Lista de Figuras ......................................................................................................................... 7 Introducción ............................................................................................................................. 11 1 Fundamentos del análisis técnico .................................................................................... 14 1.1 Premisas del análisis técnico. ......................................................................................... 14 1.2 Teoría de Dow. ............................................................................................................... 15 1.3 Teorías opuestas al análisis técnico. ............................................................................... 17 1.4 Enfoques del análisis técnico. ......................................................................................... 19 -
Annual Report
ANNUAL REPORT 2018 Content 04 05 08 Statement of Overview Letter from Responsibility the Chairman of the Board 12 18 24 Economic Credicorp Capital, Market Environment Value and Shareholder Structure 28 40 62 Financial Lines of Business Risk management Results 71 89 94 Corporate Financial Annexes governance and Results social responsibility Statement of Responsibility “This document contains truthful information regarding business developments at Credicorp Ltd. and Subsidiaries in 2018. The signatories shall be liable, within the ambit of their faculties according to the norms of the Civil Code, for damages that any lack of veracity or insufficiency that the contents of these documents may generate.” Cesar Rios Briceño Jose Luis Muñoz Rivera Chief Financial Officer Head of Accounting C.P.C. N°14902 27.02.2019 4 Annual Report 2018 Overview Group overview The result obtained in 2018 is proof of Credicorp’s solid In this context, Credicorp continues to rank as the country’s position and has allowed us to maintain outstanding levels premier financial group and has posted results that reflect of profitability despite a context characterized by high the dynamism of each of its businesses. uncertainty and volatility both locally and internationally. Total Income S/ 13,883 million1 Growth of 1.7% versus 2017. Net income (attributable to Credicorp) S/ 3,984 million Dropped 2.6% with regard to 2017. Loan Portfolio S/ 110,759 million Expansion of 10.2% with regard to 2017’s level. Clients >8million in the universal banking business. >0.9million in the microfinance business. >1.2million in the insurance business. >2.1million in the pension fund business. -
Annual Report 2020
ANNUAL REPORT 2020 Employment, investment and sustainability STATEMENT OF RESPONSIBILITY “To the best of our knowledge this document contains truthful and sufficient information regarding the development of the business of Southern Copper Corporation (“SCC”) during 2020. SCC takes responsibility for its contents according to applicable requirements”. Andres Ferrero Ghislieri Raul Jacob Ruisanchez General Counsel Vice-President Finance and Chief Financial Officer CONVERSION INFORMATION: All tonnages in this annual report are metric tons unless otherwise noted. To convert to short tons, multiply by 1.102. All distances are in kilometers, to convert to miles, multiply by 0.62137. All ounces are troy ounces. U.S. dollar amounts represent either historical dollar amounts, where appropriate, or U.S. dollar equivalents translated in accordance with generally accepted accounting principles in the United States. “SCCO”, “SCC”, “Southern Copper” or the “Company” includes Southern Copper Corporation and its consolidated subsidiaries. IA GMX 2020 – SOUTHERN COPPER INDEX Letter to shareholders 5 Production statistics 10 Copper reserves 12 Selected and financial data 13 Capital investment program and exploration Expansion & modernization 15 Environmental and social matters 21 Results of operations For the years ended december 31, 2020, 2019 and 2018 42 Environmental affairs 46 General information Description of operations and development regarding the issuing entity 52 Members of the board of directors 94 Shovel loading dump truck at Cuajone mine, Peru. 04 > 05 IA GMX 2020 – SOUTHERN COPPER LETTER TO SHAREHOLDERS In 2020, copper production topped 1 million tons, a new milestone in the Company’s history. Growth in copper production was principally attributable to an increase in production at our Cuajone (+7.8%), La Caridad (+1.8%) and the IMMSA mines (+24.6%). -
INDEX ANNOUNCEMENT S&P/ BVL Rebalance Results
S&P/ BVL Rebalance Results NEW YORK, SEPTEMBER 9, 2016: S&P Dow Jones Indices announces changes for the S&P/BVL Peru General, S&P/BVL Peru Select, S&P/BVL Lima 25, S&P/BVL Sectors and Sub-Sectors and S&P/BVL Juniors. The changes will be effective after the close of trading on Friday, September 16, 2016. Additions Index Company Name Ticker Empresa Siderurgica del Peru S&P/BVL Peru General SIDERC1 S.A.A. S&P/BVL Peru General PPX Mining Corp PPX S&P/BVL Peru General Candente Copper Corp DNT S&P/BVL Peru General Andino Investment Holdings SA AIHC1 S&P/BVL Peru General Bolsa de Valores de Lima S.A. BVLAC1 S&P/BVL Peru General Volcan Compania Minera S.A.A. A VOLCAAC1 S&P/BVL Peru Select Trevali Mining Corporation TV Empresa Siderurgica del Peru S&P/BVL Construction SIDERC1 S.A.A. S&P/BVL Mining PPX Mining Corp PPX S&P/BVL Mining Candente Copper Corp DNT S&P/BVL Mining Volcan Compania Minera S.A.A. A VOLCAAC1 S&P/BVL Financials & Bolsa de Valores de Lima S.A. BVLAC1 Real Estate Empresa Siderurgica del Peru S&P/BVL Industrials SIDERC1 S.A.A. S&P/BVL Industrials Andino Investment Holdings SA AIHC1 INDEX ANNOUNCEMENT c G R Deletions Index Company Name Ticker S&P/BVL Peru General Minera IRL Ltd MIRL S&P/BVL Peru Select Minsur S.A. MINSURI1 S&P/BVL Peru Select Luz Del Sur SA LUSURC1 S&P/BVL Mining Minera IRL Ltd MIRL Please note that for S&P/BVL Lima 25, S&P/BVL Juniors, S&P/BVL Consumer, S&P/BVL Electric Utilities and S&P/BVL Public Services there are no changes in their constituents. -
Credicorp Capital Asset Management Fund Société D'investissement À Capital Variable Luxembourg AUDITED ANNUAL REPORT AS AT
Credicorp Capital Asset Management Fund Société d’Investissement à Capital Variable Luxembourg AUDITED ANNUAL REPORT AS AT 31 DECEMBER 2019 R.C.S. Luxembourg B 188.822 Subscriptions cannot be accepted on the basis of this financial report. Subscriptions are only valid if made on the basis of the current Prospectus, the Key Investor Information Document, accompanied by a copy of the latest annual report or a copy of the subsequent semi-annual report if it has been published. Credicorp Capital Asset Management Fund Table of contents Organisation of the Fund 3 Investment manager’s report on the Management of the Fund 7 Report of the Réviseur d’Entreprises Agréé 10 Statistical Information 12 Combined Statement of Net Assets 13 Combined Statement of Changes in Net Assets 14 Credicorp Capital Asset Management Fund - Credicorp Capital Latin American Corporate Debt 15 Statement of Net Assets 15 Statement of Changes in Net Assets 16 Portfolio 17 Credicorp Capital Asset Management Fund - Credicorp Capital Latin America Pacific Alliance Fund 22 Statement of Changes in Net Assets 22 Credicorp Capital Asset Management Fund - Credicorp Capital Latin American Investment Grade Fund 23 Statement of Net Assets 23 Statement of Changes in Net Assets 24 Portfolio 25 Credicorp Capital Asset Management Fund - Credicorp Capital Latin American Equity Fund 29 Statement of Net Assets 29 Statement of Changes in Net Assets 30 Portfolio 31 Notes to the Financial Statements 33 Remuneration Disclosure Unaudited 40 Securities financing transactions and the re-use Unaudited 41 ORGANISATION OF THE FUND Credicorp Capital Asset Management Fund BOARD OF DIRECTORS Chairman: Rafael Castellanos (since April 1st 2019) Head of Investment Products, Credicorp Capital Ltd. -
Diapositiva 1
PRESENTACIÓN EXPOBOLSA ¿Está barato el mercado peruano? INCA: valor fundamental vs valor de mercado Alberto Arispe Bazán Gerente General Diciembre 2009 Valor INCA: Valorización Fundamental Representativo Conclusiones del INCA de una acción de la BVL 2 Av. La Encalada 1388 – Oficina 802, Surco Teléfono: (511) 627-5220 Fax: (511) 627-5227 Web Site: www.kallpasab.com Email: [email protected] Vamos a llamar a ese valor referencial, el valor fundamental. Cuando se dice que algo está barato o caro, • Si el precio de mercado de El inversionista busca una acción es mayor al valor se está comparando su fundamental : acción cara comprar barato y precio de mercado vs • Si el precio de mercado de vender caro. algún valor referencial. una acción es menor al valor fundamental: acción barata 3 Av. La Encalada 1388 – Oficina 802, Surco Teléfono: (511) 627-5220 Fax: (511) 627-5227 Web Site: www.kallpasab.com Email: [email protected] El valor fundamental de una acción se determina en base a tres variables: . Flujos de caja futuros esperados que generará la acción en los próximos años . Tasa de crecimiento de largo plazo de los flujos de caja futuros esperados de la acción . Riesgo que implica comprar la acción FC FC FC VF 1 2 n 1 r 1 r 2 1 r n . Donde: FC : Flujo de efectivo que genera el activo. r : Tasa de descuento FC VF 1 r g . Donde: r : Tasa de descuento g: Tasa de crecimiento 4 Av. La Encalada 1388 – Oficina 802, Surco Teléfono: (511) 627-5220 Fax: (511) 627-5227 Web Site: www.kallpasab.com Email: [email protected] Valor INCA: Valorización Fundamental Representativo Conclusiones del INCA de una acción de la BVL 5 Av.