Investing in Chile ADRs / Chile Stocks List
American investors have a good selection of NYSE listed Chile ADRs and Chile stocks thanks to the country’s open and liberalized economy and relatively deep capital markets for a Latin America country. However, much of Chile’s export orientated economy is indirectly tied to or impacted by copper and commodity prices along with what is going on in the global economy. After copper, Chile’s largest exports are oil, natural gas, chemicals, lithium, wood pulp and food while the country’s top trading partners would include China, Brazil, Argentina, South Korea and the United States. Foreign investors interested in investing in Chile ADRs may also want to consider the Aberdeen Chile Fund, Inc (NYSEMKT: CH), a Chile closed-end fund, as well as check out our Chile ETF list, Latin America ETF list (region wide), South America ETF list and Latin America closed-end fund list (region wide) as some region wide ETFs and closed-end funds may have exposure to Chile 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 Chile ADRs Trading on Major US Stock Exchanges & the Over-the-Counter (OTC) Exchange
|1||Aberdeen Chile Fund, Inc||CH||NYSE||Closed-End Fund|
|2||Banco de Chile||BCH||NYSE||Financial Services|
|3||Banco Santander-Chile SA||BSAC||NYSE||Financial Services|
|6||Compania Cervecerias Unidas SA||CCU||NYSE||Food & Beverage|
|8||Embotelladora Andina SA||AKO-A||NYSE||Food & Beverage|
|9||Embotelladora Andina SA||AKO-B||NYSE||Food & Beverage|
|10||Empresa Nacional de Electricidad SA||EOC||NYSE||Utilities|
|12||Inversiones Aguas Metropolitanas SA||IAMTY||OTCPink||Utilities|
|13||LATAM Airlines Group SA||LFL||NYSE||Airlines|
|14||Sociedad Quimica y Minera de Chile SA||SQM||NYSE||Chemicals|
|15||Vina Concha y Toro SA||VCO||NYSE||Food & Beverage|
UPDATES: On May 26, 2020, LATAM filed for Chapter 11 bankruptcy in the United States. The company’s stock ticker (LTMAQ) was unlisted from the NYSE, and was later moved to the non-regulated OTC markets on June 12, 2020.
In 1994, Viña Concha y Toro had listed its ADRs on the NYSE in order to facilitate investment by overseas investors to diversify its shareholders base and to increase the Company’s capital raising options. In 2018, the Company filed with the SEC its intention to delist its ADRs:
Today, the Chilean capital markets, have achieved a higher level of sophistication and global integration, attracting international investors. ADRs currently comprise approximately 3% of the total shares of common stock of the Company. In addition, given the increased administrative costs that it implies for the Company to remain a NYSE-listed company, Viña Concha y Toro has decided to file an application for voluntary delisting from the NYSE as part of its effort to reduce operational expenses.
Viña Concha y Toro will maintain its listings on the Santiago Stock Exchange, the Chile Electronic Stock Exchange and the Valparaíso Stock Exchange.
The Chile Stock Exchange / Chile Stock Market
The Bolsa de Santiago was founded in 1893 and is the third largest stock market in Latin America thanks to Chile’s free market policies that were implemented beginning in the 1970s. In 2009, the Latin American Integrated Market or Mercado Integrado Latinoamericano (MILA) was formed between the Bolsa de Valores de Colombia, the Bolsa de Valores de Lima and the Bolsa de Santiago. MILA became operational in 2011 and allows investors (through registered brokers) to have access to a common trading platform for buying and selling stocks in any of the three countries.
In addition, the Bolsa de Valparaiso (BOVALPO) was formed in 1898 and the Bolsa Electrónica de Chile (BEC) was created in 1989 as the first Latin American stock exchange to use fully electronic systems to execute its trades.
Here are some useful English news resources for investing in Chile ADRs or stocks or about Chile in general:
- América Economía Chile
- Diario Financiero
- Diario Oficial
- El Mercurio
- I Love Chile News
- La Nación
- The Santiago Times
Note: If you have a good blog or other useful resource for investing in Chile or about Chile stocks in general, please let us know as we would be happy to do a link exchange.