THIRD TEAM
Leonardo Suárez & team LarrainVial Corredora de Bolsa
It’s three years in a row in third place for the 15-member troop captained by Santiago-based Leonardo Suárez of LarrainVial Corredora de Bolsa. “They have a complete market overview and provide full market coverage — not just large-caps but a bunch of small-cap stocks that other firms don’t have the staff to look at,” says one backer. In September 2010 the analysts pounded the table on the B shares of Sociedad Matriz del Banco de Chile, at 128.84 pesos, making the case that investing in the holding company for Banco de Chile — the country’s second-largest financial services firm (behind Santander Bank–Chile) — would enable investors to capture benefits from an expected growth in lending as the Chilean economy boomed. The Santiago-based outfit’s shares shot to 172 pesos in May before starting to slip; they ended July at 155 pesos, for a gain of 20.3 percent that outperformed Chile’s broad market by 27.8 percentage points. The analysts remain bullish.