MSCI COLCAP
COLCAP · COP
Banks, energy and infrastructure in the Andean economy.
Colombia's MSCI COLCAP is the flagship benchmark for its listed equity market. Financial groups, oil production and infrastructure are central to the investment universe. Local-currency returns and overseas returns can differ substantially as the peso moves. The company examples below illustrate the market rather than a current ranking.
Sector breakdown
What drives the index
Financials
Banks, insurers and diversified financial holdings.
Energy
Oil production, refining and commodity exposure.
Utilities
Electricity, gas and regulated networks.
Infrastructure
Transmission assets, concessions and transport investment.
Materials
Cement and building materials linked to construction.
Consumer
Retail, food and domestic purchasing power.
Top companies
The franchises that matter
Ecopetrol
State-controlled integrated oil and gas producer.
Grupo Cibest
Financial holding company established above Bancolombia in 2025.
Interconexión Eléctrica
Electricity transmission and infrastructure across Latin America.
Grupo Sura
Insurance, asset management and financial investments.
Grupo Argos
Infrastructure-oriented investment group.
Grupo Energía Bogotá
Energy transmission and distribution across the region.
Latest News
BVC was formed by merging Colombia's regional exchanges in 2001.
MSCI COLCAP replaced the previous COLCAP benchmark in 2021.
Several Colombian issuers own assets across Latin America.
- Regional infrastructure assets
- Established financial franchises
- Commodity export exposure
- Peso volatility
- Policy and fiscal uncertainty
- Concentration and limited liquidity
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