Colombian Stocks Are the World’s Best Performer in August

Colombian stocks are poised for the world’s best performance this month with a 9.6 percent jump in dollar terms, almost five times the emerging-market average. Shares were boosted by second-quarter earnings reports that showed sales above analysts’ forecasts, a peace agreement with Marxist rebels and a surge in oil prices that fueled peso gains, according to Camilo Forero, the head of equity research at Credicorp Ltd.’s Colombia brokerage.