Bringing you live news and features since 2006 

Horizons launches ETF tracking S&P Colombia Select Index

RELATED TOPICS​

Horizons ETFs Management (LatAm) has launched its second Latin American exchange-traded fund (ETF), the Fondo Bursátil Horizons Colombia Select de S&P.

The ETF provides investors with exposure to the S&P Colombia Select Index and is now trading on the Bolsa de Valores de Colombia (BVC) under the ticker symbol HCOLSEL.
 
The Horizons Colombia Select ETF will seek to replicate the returns of the index. S&P Dow Jones Indices designed the index to provide exposure to the largest and most liquid domestic stock issuers in Colombia. S&P's selection universe for the index is based on all the securities in the S&P Colombia BMI that trade on the BVC.
 
The Horizons Colombia Select ETF was developed in association with Fiduciaria Bogotá SA (Fidubogotá), one of Colombia's largest mutual fund providers. Fidubogotá will act as the management company to the Horizons Colombia Select ETF and Horizons ETFs Management (Canada), an affiliate of Horizons LatAm, will act as portfolio manager.
 
"With a single investment, investors can now have efficient access to the Colombian equity markets," says Federico Torres, head of Latin American sales for Horizons LatAm.
 
"In our view S&P has developed a superior index strategy for Colombia which reduces the issuer and sector concentration risks that exist in current Colombian stock market benchmarks. Since no single stock will have more than a 15 per cent weight in the Index and no sector will have more than a 40 per cent weight, investors in the Horizons Colombia Select ETF can be confident they will be gaining exposure to a more diversified Colombian solution than what currently exists.”
 
"The Horizons Colombia Select ETF is our second ETF launch in Latin America, and gives investors low cost exposure to a more diversified index than other benchmarks in the marketplace," says Howard Atkinson, managing director of Horizons LatAm and the global head of sales and marketing for Mirae Asset Global Investments' ETF business. "One of our strategic objectives is to take the best practices we've learned from our global ETF business and leverage them in local markets. We have a strong business relationship globally with S&P and are pleased to be able to offer their top-tier index strategies to Latin American investors."
 
The Horizons Select Colombia ETF is the first ETF launched in the Colombian market and administered by Fidubogotá.

Latest News

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..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

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