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Article

9 Apr 2008

Author:
Innovest Strategic Value Advisors

Innovest Strategic Value Advisors Announce New "Opportunities for the Majority" (OM) Index

The Opportunities for the Majority Office of the Inter-American Development Bank (IDB) and Innovest Strategic Value Advisors announce the successful completion of a highly innovative project – to create the Opportunities for the Majority (OM) Index of publicly traded firms operating in the Latin American and Caribbean (LAC) region for investors... Over 70% of the population of the LAC region lives on less than $3,260 a year. This 'majority' of the population is both deprived of access to opportunities for wealth creation and underserved by the products and services that effective markets provide... [The IDB's] Opportunities for the Majority program...engage[s] the private sector in addressing the needs of this Majority. [top firms in index: Banco Bradesco, Grupo ACP, Paralife, Unibanco, Cemex, Caja Rural de Ahorro y Crédito del Sur (Cajasur), Desarrolladora Homex, Grupo Nueva, Farmacias SIMI, Unilever, Promotora Ambiental]