Mercado de Valores de Buenos Aires Index MERVAL

MERVAL Top 10: Value Investment Strategy

TOP 10 Value	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Ternium Argentina (L, AR)  Steel
1. Ternium Argentina (L, AR)   Steel	90		78		28		75
2. YPF (XL, AR)  Oil & Gas Integrated
2. YPF (XL, AR)   Oil & Gas Integrated	86		77		32		76
3. Aluar Aluminio Argentino (L, AR)  Aluminum
3. Aluar Aluminio Argentino (L, AR)   Aluminum	78		78		81		100
4. SCP (S, AR)  Oil & Gas Production
4. SCP (S, AR)   Oil & Gas Production	67		91		86		50
5. Tenaris (XL, LU)  Oil & Gas Equipment
5. Tenaris (XL, LU)   Oil & Gas Equipment	63		50		41		58
6. Pampa (L, AR)  Electric Utilities
6. Pampa (L, AR)   Electric Utilities	49		100		82		96
7. Petrobras (XXL, BR) ☀  Oil & Gas Integrated
7. Petrobras (XXL, BR) ☀   Oil & Gas Integrated	43		79		10		37
8. Banco Macro (L, AR)  Diversified Banks
8. Banco Macro (L, AR)   Diversified Banks	7		92		55		83
9. Grupo Financiero Galicia (L, AR)  Diversified Banks
9. Grupo Financiero Galicia (L, AR)   Diversified Banks	4		100		35		75
10. BBVA (L, AR)  Diversified Banks
10. BBVA (L, AR)   Diversified Banks	1		89		60		86

June 3, 2016. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

MERVAL Top 10: Growth Investment Strategy

TOP 10 Growth	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Pampa (L, AR)   Electric Utilities
1. Pampa (L, AR)   Electric Utilities	49		100		82		96
2. Grupo Financiero Galicia (L, AR)   Diversified Banks
2. Grupo Financiero Galicia (L, AR)   Diversified Banks	4		100		35		75
3. Banco Macro (L, AR)   Diversified Banks
3. Banco Macro (L, AR)   Diversified Banks	7		92		55		83
4. SCP (S, AR)   Oil & Gas Production
4. SCP (S, AR)   Oil & Gas Production	67		91		86		50
5. BBVA (L, AR)   Diversified Banks
5. BBVA (L, AR)   Diversified Banks	1		89		60		86
6. Petrobras (XXL, BR) ☀   Oil & Gas Integrated
6. Petrobras (XXL, BR) ☀   Oil & Gas Integrated	43		79		10		37
7. Aluar Aluminio Argentino (L, AR)   Aluminum
7. Aluar Aluminio Argentino (L, AR)   Aluminum	78		78		81		100
8. Ternium Argentina (L, AR)   Steel
8. Ternium Argentina (L, AR)   Steel	90		78		28		75
9. YPF (XL, AR)   Oil & Gas Integrated
9. YPF (XL, AR)   Oil & Gas Integrated	86		77		32		76
10. Tenaris (XL, LU)   Oil & Gas Equipment
10. Tenaris (XL, LU)   Oil & Gas Equipment	63		50		41		58

June 3, 2016. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

MERVAL Top 10: Safety Investment Strategy

TOP 10 Safety	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. SCP (S, AR)   Oil & Gas Production
1. SCP (S, AR)   Oil & Gas Production	67		91		86		50
2. Pampa (L, AR)   Electric Utilities
2. Pampa (L, AR)   Electric Utilities	49		100		82		96
3. Aluar Aluminio Argentino (L, AR)   Aluminum
3. Aluar Aluminio Argentino (L, AR)   Aluminum	78		78		81		100
4. BBVA (L, AR)   Diversified Banks
4. BBVA (L, AR)   Diversified Banks	1		89		60		86
5. Banco Macro (L, AR)   Diversified Banks
5. Banco Macro (L, AR)   Diversified Banks	7		92		55		83
6. Tenaris (XL, LU)   Oil & Gas Equipment
6. Tenaris (XL, LU)   Oil & Gas Equipment	63		50		41		58
7. Grupo Financiero Galicia (L, AR)   Diversified Banks
7. Grupo Financiero Galicia (L, AR)   Diversified Banks	4		100		35		75
8. YPF (XL, AR)   Oil & Gas Integrated
8. YPF (XL, AR)   Oil & Gas Integrated	86		77		32		76
9. Ternium Argentina (L, AR)   Steel
9. Ternium Argentina (L, AR)   Steel	90		78		28		75
10. Petrobras (XXL, BR) ☀   Oil & Gas Integrated
10. Petrobras (XXL, BR) ☀   Oil & Gas Integrated	43		79		10		37

June 3, 2016. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

MERVAL Top 10: Combined Investment Strategy

TOP 10 Combined	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Aluar Aluminio Argentino (L, AR)   Aluminum
1. Aluar Aluminio Argentino (L, AR)   Aluminum	78		78		81		100
2. Pampa (L, AR)   Electric Utilities
2. Pampa (L, AR)   Electric Utilities	49		100		82		96
3. BBVA (L, AR)   Diversified Banks
3. BBVA (L, AR)   Diversified Banks	1		89		60		86
4. Banco Macro (L, AR)   Diversified Banks
4. Banco Macro (L, AR)   Diversified Banks	7		92		55		83
5. YPF (XL, AR)   Oil & Gas Integrated
5. YPF (XL, AR)   Oil & Gas Integrated	86		77		32		76
6. Ternium Argentina (L, AR)   Steel
6. Ternium Argentina (L, AR)   Steel	90		78		28		75
7. Grupo Financiero Galicia (L, AR)   Diversified Banks
7. Grupo Financiero Galicia (L, AR)   Diversified Banks	4		100		35		75
8. Tenaris (XL, LU)   Oil & Gas Equipment
8. Tenaris (XL, LU)   Oil & Gas Equipment	63		50		41		58
9. SCP (S, AR)   Oil & Gas Production
9. SCP (S, AR)   Oil & Gas Production	67		91		86		50
10. Petrobras (XXL, BR) ☀   Oil & Gas Integrated
10. Petrobras (XXL, BR) ☀   Oil & Gas Integrated	43		79		10		37

June 3, 2016. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

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Top 10 lists may contain fewer than 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 3, 2016.