Foreign Portfolio Investment Climbs in Colombia

Foreign portfolio investment in Colombian equities to August rose 15.8% to $955.6 million, compared with figures to July. This is up 178.8% compared with the same period in 2004. Analysts attribute the rise to the country’s improved economic performance and the weakness of the dollar. Meanwhile, foreign portfolio investment in debt was down by 14.5% to $346.6 million, although year-on-year investment was up 254.6%.