ABSTARCT

The Colombian stock market (Bolsa de Valores de Colombia) , The Peruvian stock market (Bolsa de Valores de Lima) and the stock market of Chile (Bolsa de Comercio de Santigago) will, be integrated to become the largest market per number of issuers in Latin America. The Latin American integrated market or MILA according to its acronym in Spanish, will allow the investors diversify in a great moment of dynamism of the economies of this 3 countries. This will generate new opportunities for Colombian investors, giving them the possibility to diversify their investments, but also the y will have to assume new risks, because the average Colombian investor doesnt know too much about this new stocks and shares. The three markets integration, brings new questions like, in wish shares invest, thats why we will search for an optimum portfolio of shares, using the financial theories of Markowitz and the Capital assets Price Model, besides the technical and fundamental analysis, giving us tools enough to structure the optimum portfolio of shares, according to the investors profile. This tool will provide the user, an easy way to get to now the behavior of the stock market, for people who doesnt have advanced knowledge in investments and risk topics, they could access this tool, so the can make right decisions by them self, without the need of a middleman. The result of all this, will be the structure of the best shares portfolio that the integration of these three markets will bring to us.