Bringing you live news and features since 2006 

Columbia flag

S&P Dow Jones Indices licenses new Columbia Select Index to Horizons for ETF launch

RELATED TOPICS​

S&P Dow Jones Indices has launched the S&P Colombia Select Index, which is designed to provide investors with a means of measuring the largest and most liquid stocks domiciled in Colombia.

The index, which has been licensed to an affiliate of Horizons ETFs Management (LATAM) to serve as the basis for a forthcoming exchange-traded fund (ETF), uses a modified market capitalisation weighting scheme, providing investors with a broad, yet replicable index covering the Colombian equity market.
 
“S&P Dow Jones Indices is excited to bring its world renowned skill in developing transparent, strongly governed, and representative stock market indices to Colombian investors,” says Alka Banerjee, managing director and head of global equity indices at S&P Dow Jones Indices. “The S&P Colombia Select Index employs many of the traits commonly associated with our leading indices. It also provides investors with a means of measuring the largest and most liquid stocks headquartered in Colombia while reducing single stock and sector concentration within the Index.”
 
“We have a strong business relationship globally with S&P Dow Jones Indices and are pleased to be able to offer their top-tier index strategies to Latin American investors,” says Howard Atkinson, managing director of Horizons ETFs Management (LATAM) LLC. “With the S&P Colombia Select Index, S&P Dow Jones Indices has used their vast indexing credentials to develop a superior offering for Colombian investors that reduce the sector concentration risks that exist in the current Colombian stock market indexes.”

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
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

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.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
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