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First Colombia ETF starts trading on NYSE Arca

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New York-based asset manager Global X Management, in association with Colombian broker InterBolsa Comisionista de Bolsa, have launched the Global X/InterBolsa FTSE Colombia 20 ETF, list

New York-based asset manager Global X Management, in association with Colombian broker InterBolsa Comisionista de Bolsa, have launched the Global X/InterBolsa FTSE Colombia 20 ETF, listed on the NYSE Arca.

The fund is the first ETF globally that enables investors to gain convenient access to the relatively untapped potential of the Colombian market.

It seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE Colombia 20 Index, a basket of the 20 most liquid securities in the Colombian market.

The index is weighted by free-float adjusted market capitalization and employs a unique capping methodology to facilitate regulatory compliance with US investment company tax diversification rules. The index is compiled by FTSE Group, a leading global index provider.

The index provides diversified access to the Colombian market and includes companies such as oil firm Ecopetrol, banking group Bancolombia, food manufacturer Chocolates, cement producer Cementos Argos, and utility firm Interconexion Electrica.

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