Bringing you live news and features since 2006 

Global X launches first Andean ETF

RELATED TOPICS​

Global X Funds has expanded its Latin America fund suite with the launch of the Global X FTSE Andean 40 ETF, the first exchange traded fund globally to target the region.

The Global X FTSE Andean 40 ETF launch is a testament to the economic powerhouse that Latin America has become. The Andean region, comprised of Chile, Colombia, and Peru, has been among the best performing stock markets in the world. The ETF will allow investors to take advantage of a pending agreement to merge the stock markets of Chile, Colombia, and Peru, which will create the second largest stock exchange in Latin America after Brazil’s and 50% larger than Mexico’s (World Federation of Exchanges, 2010).
 
“We are excited to provide a benchmark and investment vehicle to the combined Chile, Colombia, and Peru exchanges,” says Bruno del Ama, CEO of Global X Funds.  “Because of its geographic size, the Andean region is an important investment opportunity underserved by the current Latin American ETF options.”
 
The Global X FTSE Andean 40 ETF tracks the FTSE Andean 40 Index, which is designed to measure the performance of the 40 largest and most liquid companies in the Chilean, Colombian, and Peruvian markets. As of January 27, 2011 the three largest components for AND were Southern Copper Corp, Minas Buenaventura, and Pacific Rubiales Energy.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by