Bogotá, 21 May 2024. Pei, the leading real estate investment vehicle in Colombia, has been selected to join the MSCI COLCAP, a stock index that tracks the performance of the 20 issuers and the 25 most liquid, highest-capitalization securities on the BVC equities market. This follows the announcement by MSCI Global Standard regarding the inclusion of Colombian REITs as part of the eligible universe of securities for its index composition (1).
The inclusion of Pei in the preliminary MSCI COLCAP index basket marks another milestone for the fund as an innovator, making it the first real estate investment company in the country to achieve this position, while also adding greater diversification to the index.
Jairo Corrales, president of Pei Asset Management, states that «this news opens doors for Pei to be part of investment portfolios of international investors participating in the Colombian capital market, which would allow for further deepening of the Title’s liquidity levels, a highly valued attribute by investors.»
On May 31st, during the rebalancing of the index at the Colombian Stock Exchange, the new composition of the MSCI COLCAP index will be officially announced.
About Pei (PEI CB Equity)
Pei is a real estate investment alternative structured and managed by Pei Asset Management, with over 6,500 investors. It has consolidated a portfolio of high-quality, income-generating assets covering more than 1.14 million square meters.2 Owned by leasable area, with a diversified base of over 1,350 tenants and presence in more than 30 cities and municipalities across the country. The portfolio is valued at over 9.4 trillion pesos and includes four asset categories: corporate, commercial, logistics, and specialized use properties.
(1) For more information, please refer to the index provider’s information: https://www.msci.com/index-methodology