Box 3: Foreign Investors’ Participation in the Colombian Stock Market - Financial Markets Report, Second Quarter 2024
The main purpose of these documents is to provide quarterly information on financial markets. Opinions and possible errors are the sole responsibility of the author and their contents do not compromise the Board of Directors of Banco de la República (the Central Bank of Colombia, Banrep).
In recent years, foreign investors have exhibited a lower appetite for Colombian equities, with their participation decreasing from 16% at the end of 2018 to 11% in June 2024. This decline may be attributed to the reduction in Colombia’s participation in international benchmark indexes for emerging markets, as well as a challenging global market environment following the COVID-19 pandemic. Additionally, changes in tax policies may have increased the investment costs for these investors.
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