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Lima’s Stock Exchange investors profit 130 percent in 2010

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LivinginPeru.com

Lima’s Stock Exchange investors profit 130 percent in 2010
BVL’s investors who withdrew their money in the worst moments of the economic crisis may have lost between 50 and 60 percent. Photo: Internet)

Investors who bought shares at the Lima Stock Exchange (BVL) ended the year with more than 130 percent profit, reported Andina.

Amid the international financial crisis, which deepened in late 2008, investors achieved a very high profit, assured President of GPI SAB Brokerage, Luis Felipe Arizmendi.

"The BVL dropped sharply in the second half of 2008 and in early 2009. Businessmen should have invested in the stock market at that time when it hit the lowest ebb, those who did earned more than 130 percent profit margin," he said.

Investors who initially joined the BVL in June and July 2008 but later withdrew their money from stock funds in the worst moments of the crisis may have lost between 50 and 60 percent of what they invested.

“Peru’s Private Pension Fund Managers (AFPs), Fondo 3 and mutual funds have already regained much of what they lost during the crisis and stock market investors earned more of what they lost during this difficult time,” he added.

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