Investing in Venezuela ADRs / Venezuela Stocks List
After years of Leftist misrule, there are only a handful of Venezuela ADRs still listed on the OTC market’s Grey Market.* Ironically and despite hyper inflation, rigid currency controls and socialist expropriations of private property, the Venezuela stock market was the world’s best performing market (up 452%) in 2013. However, investors should keep in mind that there are fewer than twenty listed Venezuelan stocks on what is left of the Caracas Stock Exchange with little trading actually occurring. Nevertheless and IF regime change eventually occurs, these stocks and/or those still listed on the OTC’s Grey Market could be the first Venezuela stocks that become available once again to foreign investors. Investors interested in investing in Venezuela ADRs should also check out our Latin America ETF list (region wide), Caribbean ETF list and South America ETF list along with our Caribbean closed-end fund list and Latin America closed-end fund list (region wide) as some region wide ETFs and closed-end funds may have exposure to Venezuela stocks.
Note: If there are any ADRs to add or remove from this list or there are bad links, please write a note in the comments section so it can be fixed. Likewise, adding any other comments or advice would also be appreciated.
List of Venezuela ADRs Trading on Major US Stock Exchanges & the Over-the-Counter (OTC) Exchange
|1||Banco Venezolano de Crédito||BVZCY||Delisted||Financial Services|
|2||Ceramica Carabobo SACA||CCOOY||OTC Grey||Basic Materials|
|3||Corimon CA||CMNFY||OTC Grey||Basic Materials|
|4||Fondo de Valores Inmobiliarios SACA||FNDOY||OTC Grey||Real Estate|
|5||Manufacturas de Papel CA||MDPAY||OTC Grey||Basic Materials|
|6||Mercantil Servicios Financieros CA||MSFJY||OTC Grey||Financial Services|
|7||Mercantil Servicios Financieros CA||MSFZY||OTC Grey||Financial Services|
|8||Siderurgica Venezolana Sivensa SACA||SDNVY||OTC Grey||Steel|
*GREY MARKET: “”OTC”, “Other OTC” or “Grey Market” is a security that is not currently traded on the OTCQX, OTCQB or Pink markets. Broker-dealers are not willing or able to publicly quote OTC securities because of a lack of investor interest, company information availability or regulatory compliance.”
The Caracas Stock Exchange or Bolsa de Valores de Caracas (BVC)
The first Venezuela stock exchange was founded in 1805 as the Casa de Bolsa y Recreación de los Comerciantes y Labradores in Caracas. Today’s Caracas Stock Exchange or Bolsa de Valores de Caracas (BVC) was founded in 1947 and is the only stock exchange in Venezuela. However, the BVC has experienced a severe decline in traded volumes since the mid-1990s as Venezuela’s economy declined under the rule of Leftist strongman Hugo Chavez.
Here are some useful and mostly English news resources for investing in Venezuela ADRs or stocks or about Venezuela in general:
- Agencia Venezolana de Noticias (AVN)
- América Economía Venezuela
- Correo del Orinoco International
- El Mundo
- El Nacional
- El Universal
- Últimas Noticias
In addition, Gustavo Díaz (who, by day, apparently works at a Home Depot in Alabama) runs a website called DolarToday which publishes Venezuela currency rates for black-market dollars – thus impacting the pricing of almost everything in the country. His website also features financial news stories that you won’t find in Venezuela’s state controlled media.
Note: If you have a good blog or other useful resource for investing in Venezuela or about Venezuela stocks in general, please let us know as we would be happy to do a link exchange.