Perú, Chile, Colombia integrated market one of the most profitable of 2.012

The Integrated Latin American Market (MILA) has seen some of the highest yields in the world this year, after less than 12 months.

The integrated stock markets of Santiago, Lima and Bogotá, still trade relatively low amounts.

The MILA began operations on May 30 last year, with around 500 firms, which can be accessed simultaneously by investors in Chile, Colombia and Perú.

Since August 2.011 the group has been indexed by Standard & Poors under 'S&P MILA 40', which selects 40 stocks based on their size and liquidity.

MILA saw an increase of 17.9 percent between January and February, according to the Santiago Chamber of Commerce.

Since its launch last May, MILA has seen 668 transactions, totaling $18.7 million. In January the markets’ combined value reached $7.9 billion.

Mexico’s stock market has been rumored to eventually join MILA, and expand its growth potential.