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  <url>
    <loc>https://www.incainvestments.com/home</loc>
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    <lastmod>2025-07-02</lastmod>
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      <image:title>Home</image:title>
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      <image:title>Home - Contrarian Approach with Long-Term Focus</image:title>
      <image:caption>As long-term contrarian investors, we seek to invest in companies that are mispriced due to temporary factors or underappreciated long-term growth potential.  We find many of these companies in the small and mid-cap company universe and in off-index countries.</image:caption>
    </image:image>
    <image:image>
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      <image:title>Home - Bottom-Up, Fundamental Investing</image:title>
      <image:caption>We believe that we can uncover the most insightful investment information by using a bottom-up based approach to focus on companies over countries. Our many years of Latin American investment experience provide us with a deep understanding of the economic and political trends of the region and inform our investment decisions.</image:caption>
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    <image:image>
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      <image:title>Home - Favor Companies with Strong Business Franchises</image:title>
      <image:caption>We prefer companies with strong business franchises that are domestically focused, have sustainable advantages and are subject to low levels of government regulation. We believe these companies are well-positioned to benefit from Latin America’s secular consumer growth story.</image:caption>
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    <image:image>
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      <image:title>Home</image:title>
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      <image:title>Home</image:title>
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  <url>
    <loc>https://www.incainvestments.com/events</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2024-08-26</lastmod>
  </url>
  <url>
    <loc>https://www.incainvestments.com/events/registration-form</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-09-19</lastmod>
  </url>
  <url>
    <loc>https://www.incainvestments.com/contact</loc>
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    <priority>0.75</priority>
    <lastmod>2022-08-22</lastmod>
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      <image:title>Contact</image:title>
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  </url>
  <url>
    <loc>https://www.incainvestments.com/spotlight</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2020-07-20</lastmod>
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      <image:title>Spotlight</image:title>
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  </url>
  <url>
    <loc>https://www.incainvestments.com/team</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2025-08-12</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/1598384633033-QQU4TPHT45RP4BE2MMPD/082516Efrain_Chavez15-cropped.jpg</image:loc>
      <image:title>Team - Efrain M. Chavez</image:title>
      <image:caption>Portfolio Manager - Principal Linkedin profile →</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/1598385073174-IVVX4MT4ESNOAY9G155B/082516Dave_Borenstein14_cropped.jpg</image:loc>
      <image:title>Team - David Borenstein</image:title>
      <image:caption>David Borenstein CPA - Director of Operations - Principal His Linkedin profile →</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/1598384704660-FD340BHSD840BAV1TWIA/082516Brian_Straile22_LINKEDiN.jpg</image:loc>
      <image:title>Team - Brian Straile</image:title>
      <image:caption>Brian Straile Head Trader</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/1598384661508-HAC61PKF247MC47IZBW0/082516Fernando_Donayre007-cropped.jpg</image:loc>
      <image:title>Team - Fernando X. Donayre, CFA, CPA</image:title>
      <image:caption>Fernando X. Donayre, CFA, CPA Managing Principal, CEO, CIO Bloomberg profile →</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/00e9fe9d-2031-44d2-905b-58d346166f24/website.jpg</image:loc>
      <image:title>Team - Matheus Prezoto</image:title>
      <image:caption>Investment Analyst Linkedin profile →</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/1598384582827-23Z6IUAKRV1C6SZC7M0D/042017Jeronimo_De_Guzman004_LINKEDiN.jpg</image:loc>
      <image:title>Team - Jeronimo De Guzman</image:title>
      <image:caption>Jeronimo de Guzman Investment Analyst</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/1598384605341-YL17V5WFO812DOOALJCN/082516Maclovio_Pina24_LINKEDiN.jpg</image:loc>
      <image:title>Team - Maclovio Piña, CFA</image:title>
      <image:caption>Senior Investment Analyst Linkedin profile →</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/f0c90f7f-1d69-4657-ac0e-73fad8e871d4/Website.jpg</image:loc>
      <image:title>Team - Pedro Fabregat, CFA</image:title>
      <image:caption>Investment Analyst Linkedin profile →</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/6f6a8cad-aefc-475a-986e-8b3a1e3518a1/093024Jordan_Abramczyk012+-+Copy.jpg</image:loc>
      <image:title>Team - Jordan Abramczyk</image:title>
      <image:caption>Shari Connell Accounting Manager Her Linkedin profile →</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/1578425162335-HDJTUTIOK2SDOKJF0PRV/4_INCA_BG.jpg</image:loc>
      <image:title>Team</image:title>
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  </url>
  <url>
    <loc>https://www.incainvestments.com/philosophy</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2022-05-26</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/1578422710963-BB7TCCRLRIVEL031X38H/ValueBias.png</image:loc>
      <image:title>Philosophy - Contrarian Approach with Long-Term Focus</image:title>
      <image:caption>As long-term contrarian investors, we seek to invest in companies that are mispriced due to temporary factors or underappreciated long-term growth potential.  We find many of these companies in the small and mid-cap company universe and in off-index countries.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/1578422635001-M1YMBYLVVBXIQ34HKVJH/Bottom-up.png</image:loc>
      <image:title>Philosophy - Bottom-Up, Fundamental Investing</image:title>
      <image:caption>We believe that we can uncover the most insightful investment information by using a bottom-up based approach to focus on companies over countries. Our many years of Latin American investment experience provide us with a deep understanding of the economic and political trends of the region and inform our investment decisions.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ddc34ffb010342e81b5282a/1578422795788-YWAPKQO6VOBE9087CV3I/StrongFranchise.png</image:loc>
      <image:title>Philosophy - Favor Companies with Strong Business Franchises</image:title>
      <image:caption>We prefer companies with strong business franchises that are domestically focused, have sustainable advantages and are subject to low levels of government regulation. We believe these companies are well-positioned to benefit from Latin America’s secular consumer growth story.</image:caption>
    </image:image>
    <image:image>
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      <image:title>Philosophy</image:title>
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  </url>
  <url>
    <loc>https://www.incainvestments.com/products</loc>
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    <priority>0.75</priority>
    <lastmod>2020-02-11</lastmod>
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      <image:title>Products</image:title>
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  </url>
  <url>
    <loc>https://www.incainvestments.com/giving-back</loc>
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    <lastmod>2020-08-25</lastmod>
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