Mercado de Valores de Buenos Aires Index MERVAL

MERVAL Top 10: Value Investment Strategy

TOP 10 Value	INDUSTRY	VALUE	GROWTH	SAFETY	COMBINED
1. Petrobras Argentina (M, AR)	Integrated Oil & Gas	85	68	92	100
2. Petrobras (XXL, BR) ☀	Integrated Oil & Gas	83	18	13	44
3. Tenaris (XXL, LU)	Oil & Gas Equipment	83	1	43	1
4. Telecom Argentina (M, AR)	Integrated Telecommunication	77	100	50	77
5. Grupo Financiero Galicia (XL, AR)	Diversified Banks	72	100	35	75
6. SiderarIC (M, AR)	Steel	67	100	100	100
7. Banco Macro (L, AR)	Diversified Banks	64	92	55	83
8. Edenor (M, AR)	Electric Utilities	42	26	59	48
9. Aluar Aluminio Argentino (M, AR)	Aluminum	21	92	83	50
10. SCP (XS, AR)	Oil & Gas Production	19	86	33	50

June 26, 2015. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

TOP 10 Growth	INDUSTRY	VALUE	GROWTH	SAFETY	COMBINED
1. SiderarIC (M, AR)	Steel	67	100	100	100
2. Telecom Argentina (M, AR)	Integrated Telecommunication	77	100	50	77
3. Grupo Financiero Galicia (XL, AR)	Diversified Banks	72	100	35	75
4. Banco Macro (L, AR)	Diversified Banks	64	92	55	83
5. Aluar Aluminio Argentino (M, AR)	Aluminum	21	92	83	50
6. BBVA (L, AR)	Diversified Banks	4	89	60	86
7. SCP (XS, AR)	Oil & Gas Production	19	86	33	50
8. Petrobras Argentina (M, AR)	Integrated Oil & Gas	85	68	92	100
9. Pampa (M, AR)	Electric Utilities	1	59	52	9
10. Edenor (M, AR)	Electric Utilities	42	26	59	48

June 26, 2015. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

TOP 10 Safety	INDUSTRY	VALUE	GROWTH	SAFETY	COMBINED
1. SiderarIC (M, AR)	Steel	67	100	100	100
2. Petrobras Argentina (M, AR)	Integrated Oil & Gas	85	68	92	100
3. Aluar Aluminio Argentino (M, AR)	Aluminum	21	92	83	50
4. BBVA (L, AR)	Diversified Banks	4	89	60	86
5. Edenor (M, AR)	Electric Utilities	42	26	59	48
6. Banco Macro (L, AR)	Diversified Banks	64	92	55	83
7. Pampa (M, AR)	Electric Utilities	1	59	52	9
8. Telecom Argentina (M, AR)	Integrated Telecommunication	77	100	50	77
9. Tenaris (XXL, LU)	Oil & Gas Equipment	83	1	43	1
10. Grupo Financiero Galicia (XL, AR)	Diversified Banks	72	100	35	75

June 26, 2015. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

TOP 10 Combined	INDUSTRY	VALUE	GROWTH	SAFETY	COMBINED
1. SiderarIC (M, AR)	Steel	67	100	100	100
2. Petrobras Argentina (M, AR)	Integrated Oil & Gas	85	68	92	100
3. BBVA (L, AR)	Diversified Banks	4	89	60	86
4. Banco Macro (L, AR)	Diversified Banks	64	92	55	83
5. Telecom Argentina (M, AR)	Integrated Telecommunication	77	100	50	77
6. Grupo Financiero Galicia (XL, AR)	Diversified Banks	72	100	35	75
7. Aluar Aluminio Argentino (M, AR)	Aluminum	21	92	83	50
8. SCP (XS, AR)	Oil & Gas Production	19	86	33	50
9. Edenor (M, AR)	Electric Utilities	42	26	59	48
10. Petrobras (XXL, BR) ☀	Integrated Oil & Gas	83	18	13	44

June 26, 2015. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

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Top 10 lists may contain fewer then 10 stocks due to Obermatt’s top 10 quality standards.

Top 10 Stocks from the purely finance fact-based Obermatt Method for the investment strategies Value, Growth and Safety in the stock index Mercado de Valores de Buenos Aires Index MERVAL from June 26, 2015.