BAP - Grupo Aval: Colombian Banks Will Surge In 2018
I've long recommended owning stocks of financial firms in oil-exposed countries as a backdoor way to play the recovery in energy prices. I first presented this idea with my top idea long Bancolombia (CIB) - pick in 2015. I doubled down on the Colombian banking sector with a 2015 long recommendation on Colombian financial rival Grupo Aval (AVAL). Since then, I've added more energy banks, such as Alaska's Northrim BanCorp (NRIM). These picks are up about 25%, 35%, and 40% since then - it's been an effective way to